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In 2017 there were 127 PFI schemes in the English NHS. The contracts vary greatly in size. Most include the cost of running services such as facilities management, hospital portering and patient food, and these amount to around 40% of the cost. Total repayments will cost around £2.1 billion in 2017 and will reach a peak in 2029.
The Trust constructed one of the biggest Private Finance Initiative schemes in the NHS, designed by Anglo-American architects Anshen Dyer and developed by Lendlease. Non-clinical services are run by Sodexo (formerly Sodexho) whose contract runs until 2042. [12] The Private finance initiative contract costs about £72 million per annum. This ...
The Trust has a substantial PFI scheme. The £265 million scheme which will run for 30 years covers new buildings, refurbishments, facilities, services, equipment and capital investment equipment costs and will run until March 2043. The partners to the scheme are Innisfree Ltd, Skanska, and Medirest. [2]
The trust has the largest private finance initiative (PFI) scheme within the NHS in England, with a capital value of £1.149 billion, and spends £116 million on its annual repayments, amounting to around 8% of its annual income. [11] [12]
The Private Finance Initiative scheme at the Trust is a 38-year deal with Healthcare Support (Newcastle) Ltd, a special purpose vehicle formed in 2005 involving the Commonwealth Bank of Australia, Equion and Laing O'Rourke, Interserve and Innisfree Ltd. [3]
Site work started the following day (12 January 1998). The project was the first large PFI hospital scheme in the NHS. In July 2000 approval was given to extend the Norfolk and Norwich University Hospital with a second phase that included an additional 144 beds and took the project cost to £229 million. [4]
In 2017 there were 127 PFI schemes in the English NHS. The contracts vary greatly in size. Most include the cost of running services such as facilities management, hospital portering and patient food, and these amount to around 40% of the cost. Total repayments will cost around £2.1 billion in 2017 and will reach a peak in 2029.
The development of Queen Mary's Hospital, Roehampton was funded as a PFI scheme. Queen Mary's Hospital provides outpatient rapid diagnostic and treatment facilities, mental health community services, a minor injuries unit, burns dressing clinic, limb fitting services, a sexual health clinic, 69 mental healthcare beds, 50 elderly and ...