St Bartholomew’s and The Royal London

London

Project Value - £1.1bn

Project Sector - Health

UK

About The Project

It is the UK’s largest healthcare project and the UK’s largest healthcare trust.

  • Capital Hospitals’ Project Agreement required it to finance, design, develop and construct the hospitals and then maintain and deliver certain non-clinical services.
  • Capital Hospitals raised the finance (via Bonds and Loans) to fund the construction of the hospitals.
  • The freehold ownership of the land remains with the Trust. Licences are granted to Capital Hospitals to allow access.
  • The PFI contract runs for 42 years from April 2006 (i.e. ends April 2048)
  • “Global Completion” of construction was 29 March 2016.
  • Capital Hospitals Ltd maintains the hospital to an agreed standard and it is to hand-back at the end of the term (Concession Period).

The St Bartholomew’s Commemorative Book is available here.

Similar Projects

Forth Valley Hospital

£293m

UK

The 98,115m2 Forth Valley Royal Hospital opened in July 2011 and provides 864 beds and day patient spaces.

More Information
Forth Valley Hospital

St Helens and Knowsley Hospitals

£350m

UK

Financial Close: 7 June 2006

More Information
St Helens and Knowsley Hospitals

Dudley Hospitals Group

£150m

UK

Summit Healthcare (Dudley) Ltd.

More Information
Dudley Hospitals Group