Carillion PLC
08 May 2006
Carillion wins soft facilities management contract valued at £330 million for
Britain's biggest hospital scheme
Carillion's Sovereign Hospital Services has secured a £330 million facilities
management contract as part of the redevelopment of St. Bartholomew's Hospital,
in the City of London, and the Royal London Hospital, Whitechapel.
Known as Barts and The London, the redevelopment is Britain's biggest hospital
scheme under the UK Government's Private Finance Initiative.
The contract, which will begin in July 2006 and includes the provision of
patient and non-patient catering, cleaning, housekeeping, laundry, portering,
receipt and distribution of goods, reception, security, telecommunications and
transport, is valued at £30 million per year for an initial term of 11 years of
the 42-year concession period.
Commenting on the contract win, John McDonough, Carillion's chief executive
said: 'We are delighted to be involved in the delivery of such essential
services to Barts and The London NHS Trust which will manage the largest new
hospital in the UK in the form of The Royal London as well as a Cancer and
Cardiac Centre of Excellence at St. Bartholomew's.'
Preliminary work has already begun and the first phase of construction is
scheduled to be completed in 2010, with all construction finished in 2016. The
hospitals will remain in operation during the construction period.
Notes to editors
The redevelopment of Barts and The London is Britain's biggest hospital scheme
under the UK Government's Private Finance Initiative involving a £1 billion
construction programme to be undertaken by Skanska, which is also responsible
with its partners Innisfree and Equion (part of John Laing plc) for the
financing, design, construction and operation of the hospitals for the 42-year
term of the contract.
Carillion is a leading provider of integrated solutions for buildings,
infrastructure and services in the UK, with well-established businesses
internationally. As a FTSE 250 company with annual revenue in the region of £4
billion and over 40,000 employees, the Group delivers high quality,
cost-effective and sustainable solutions using its wide range of skills and
resources. Its key target markets are health, defence, education and transport
(rail and road infrastructure), building and facilities management and support
services for public and private sector customers.
Carillion is also a leader of Public Private Partnership projects and has a
portfolio of 30 financially closed projects in which it has invested, or has
commitments to invest, a total of approximately £171million of equity
For further information contact Paula Manning on 01902 316444
This information is provided by RNS
The company news service from the London Stock Exchange
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