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06/11/2010 / UNITED KINGDOM / NATURAL RESOURCES, INFRASTRUCTURE AND POWER
Crédit Agricole CIB leading bank in the Southmead Hospital redevelopment public private partnership
In February 2010, Crédit Agricole CIB acted as mandated lead arranger for the design, building, financing and operation of the new Southmead Hospital in Bristol, United Kingdom.
North Bristol NHS Trust selected a consortium consisting of Carillion Private Finance (50%) and Bank of Scotland /Lloyds Banking Group (50%) to redevelop the hospital as a traditional PPPPublic-Private Partnership describes a government service or private business venture which is funded and operated through a partnership of government and one or more private sector companies./PFIPrivate Finance Initiative - the most successful and prolific form of PPP to date. Used to deliver services only after rigorous assessment has shown that it will provide better value for money compared to traditional public sector investment. project.
When completed in 2015 the new hospital will provide 784 beds and 24 operating theatres incorporating the latest hospital design elements and will be one of the most energy efficient hospitals of its kind. Total project costs will be GBP 680 million.