Trust to restart construction of hospital in autumn as government ends PF2 contract

A trust hopes to restart construction work on its new hospital in October after the government terminated the private finance contract which funded the project.

Sandwell and West Birmingham Trust hopes to let an early works contract worth £15m-£25m to a new builder next month so that remedial work can be carried out on its Midland Metropolitan Hospital, where Carillion was its main contractor.

It comes as the trust’s PF2 contract is set to be terminated following a decision by the banks and Treasury.

Last month the main lender, the European Investment Bank, withdrew up to £107m of funding for the project, six months after Carillion’s collapse….read more

HSJ: 4 July 2018

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