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| Carillion wins £330 Million Contract 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 contract, which will begin in July 2006 is valued at £30 million per year for an initial term of 11 years of the 42-year concession period. 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 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. write your comments about the article :: © 2006 Construction News :: home page |