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| Balfour Beatty delivers largest hospital development in Yorkshire Balfour Beatty announces that its PPP healthcare vehicle, Consort Healthcare, reached financial close for the Mid Yorkshire Hospitals NHS Trust's Pinderfields and Pontefract Hospitals Development PPP Project. The project has a capital value of approximately £311 million. The 35-year concession is central to the reconfiguration of health services in the area. It will deliver a new acute inpatient hospital in Wakefield on the existing Pinderfields Hospital site and a new Diagnostic and Treatment Centre in Pontefract. Balfour Beatty will invest some £15 million of equity in the project. Balfour Beatty Group companies will be responsible for all of the construction, building services and physical facilities management. The concession company, Consort Healthcare (Mid Yorkshire), is a joint venture between Balfour Beatty and the Royal Bank of Scotland. It is expected that the new Pontefract Hospital will open in 2009 and that the new Pinderfields Hospital will open in 2010, although some facilities will be opened in advance of these dates. write your comments about the article :: © 2007 Construction News :: home page |