GBP136m Salford Hospital PFI project

Balfour Beatty reaches financial close for the GBP136m Salford Hospital PFI project.

Balfour Beatty, the international engineering, construction and services group, announces today that its specialist healthcare concession company, Consort Healthcare, in conjunction with HSBC Infrastructure Fund Management Limited, has reached financial close on the GBP136 million Salford Royal NHS Foundation Trust PFI project in Greater Manchester.

The project is part of the "Northern Batch" scheme, which comprises both Salford Royal and a hospital in Tameside for the Tameside and Glossop Acute NHS Trust which is expected to reach financial close next week.

Commenting on the financial close of the project Balfour Beatty Chief Executive, Ian Tyler, said: "We are delighted to have reached this significant milestone in healthcare development in Greater Manchester".

"We will be creating an environment designed to ensure that the Trust achieves its ambitions for the highest standards of patient care".

"Balfour Beatty is bringing to the Trust many decades of experience in working as a key contractor in the healthcare sector and very substantial expertise in planning, constructing and operating large PPP hospitals".

Chair of Salford Royal NHS Foundation Trust, Margaret Morris, said: "The new development will see 36,000 sq metres of new accommodation and refurbishment of existing buildings, providing vastly improved facilities for patients, visitors and staff".

"We hope that patients and the wider public will look forward to the benefits that this investment will bring such as more single rooms, a more modern environment and improved access to wards and clinics".

In Salford, Consort will redevelop and provide new buildings on the existing hospital site, under a 35-year PFI concession contract.

Consort Healthcare (Salford) will procure the design, construction, operation and maintenance of a new acute hospital building, an education building and multi-storey car park, in all cases using Balfour Beatty Group companies.

The construction will be carried out by Balfour Beatty Construction, Haden Young will perform all the electrical and mechanical systems work and Haden Building Management will supply a range of facilities management services.

The buildings have been planned to complement the existing estate and combine the retained buildings within an overall site master plan that will provide modern medical facilities for patients.

The facilities will include an education centre, an emergency assessment unit, a critical care unit, a high dependency unit, an intestinal failure unit, new renal, urology units, wards, diagnostic units, mortuary, and other facilities.

Construction is due to commence immediately with overall completion planned for June 2012.

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