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| Skanska UK receives the contract for public-private hospital project Skanska and Innisfree in a consortium have signed a contract for financing, designing, constructing and operating three hospitals in Nottinghamshire within the British program for public-private partnerships, PFI (Private Finance Initiative). Skanska invests GBP 15 M, approximately SEK 200 M, corresponding to a 50-percent interest in the consortium that owns the project. The investment will produce a 32-year income stream during the concession period. Skanska wins a construction contract amounting to GBP 300 M, about SEK 4 billion, and FM-contracts valued at around GBP 3 M annually, about SEK 40 M, covering both the construction phase and the concession period. Skanska UK receives the construction contract exclusively totaling about 140, 000 square meters. The rebuilt and extended hospitals will house a number of specialist clinics and a total of 840 patient beds. The preparatory work has been initiated and about 60 percent will be completed in 2009. All construction work is planned for completion during the first quarter of 2011. write your comments about the article :: © 2005 Construction News :: home page |