News - Midlands
Carillion closes on Southmead project
Construction company Carillion has achieved financial close on a public-private partnership (PPP) to develop Bristol’s Southmead Hospital. Carillion will invest £50m of equity into the 800-bed hospital, as well as delivering £430m of construction services and £170m of facilities management services over a 30-year contract period. This is one of more than 50 PPP projects that Carillion has financially closed in the UK and Canada. Southmead Hospital is due to open in early 2014.