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    Signature(s)

    Amount
    € 167,029,774.87
    Countries
    Sector(s)
    United Kingdom : € 167,029,774.87
    Health : € 167,029,774.87
    Signature date(s)
    27/04/2005 : € 167,029,774.87
    Link to source

    Summary sheet

    Release date
    16 October 2002
    Status
    Reference
    Signed | 27/04/2005
    20020337
    Project name
    Promoter - financial intermediary
    Newcastle Hospitals PPP
    The Newcastle upon Tyne Hospitals National Health Service Trust (the “Trust”)
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    Approx GBP 120 million
    to be confirmed post appointment of preferred bidder
    Location
    Sector(s)
    Description
    Objectives

    The Project comprises the reconfiguration of acute hospital services, involving the closure of one site and the reprovision of services to two other sites which will be upgraded and modernised.

    The objectives are to improve significantly the provision of acute hospital services in the area by amalgamating and integrating services on two (as opposed to the previously, three) sites. This will lead to a concentration of staff expertise and high cost equipment and the elimination of unnecessary duplication.

    Environmental aspects
    Procurement

    The EIB will review the environmental impact assessment required under the statutory approval process in the UK.

    The project was advertised in the Official Journal in July 2001, and the selection of the preferred partner is on-going.

    Link to source

    Disclaimer

    Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
    They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).

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