Construction giant Carillion has been boosted by a £450 million to redevelop a hospital in Bristol – just 24 hours after winning a contract to build a giant council building in Abu Dhabi.
The Wolverhampton support services firm has been confirmed as the preferred bidder for the redevelopment of Southmead Hospital, a Public Private Partnership project.
Carillion, in a 50-50 joint venture with Bank of Scotland Corporate, will finance the new landmark 800-bed acute hospital, for which Carillion will also provide design, construction, maintenance and facilities management services.
The news comes just 24 hours after Carillion confirmed it had won a £150 million contract to build new headquarters for the Abu Dhabi Investment Council.
Carillion expects to invest up to £50 million of equity in the Southmead project and carry out the construction work to a value of approximately £430 million, plus £20 million worth of advance works.
The company also expects to provide facilities management and lifecycle maintenance services worth some £170 million over the 30-year concession period.
Carillion chief executive John McDonough said: “Carillion has delivered over 50 PPP projects in the UK and Canada, including 18 hospitals and other healthcare facilities.
“We are delighted to have been selected as the preferred bidder for the North Bristol project, which will be our largest PPP hospital to date.
“We are deploying the group’s wide range of in-house skills and resources to generate a truly integrated solution. We look forward to working with the North Bristol NHS Trust to create a hospital that will not only enable the trust to deliver first class health care services to the region, but will also achieve the highest standards of sustainability.”
The Abu Dhabi Investment Council building is scheduled to be completed by the end of 2011.