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| Skanska Secures Financial Close for UK's Biggest Hospital Scheme Skanska, in consortium with Innisfree and Equion (part of John Laing plc), has reached financial close for the financing, design, construction and operation of Barts and The London Hospitals under the UK Government's program for Public Private Partnerships (PPP), Private Finance Initiative (PFI). Skanska to receive a construction contract amounting to around GBP 1 billion, about SEK 13.6 billion and a Hard FM contract valued at around GBP 7.5 M, about SEK 102 M, per year during the 42-year concession period. For Skanska, this also means committing to an investment of GBP 48 M, approximately SEK 650 M, (including GBP 8 M in mezzanine finance) corresponding to a 37.5 percent interest in the project company. write your comments about the article :: © 2006 Construction News :: home page |