Release date: 16 October 2002
Promoter – Financial Intermediary
The Newcastle upon Tyne Hospitals National Health Service Trust (the “Trust”)Location
Description
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.
Objectives
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.
Sector(s)
Proposed EIB finance (Approximate amount)
Approx GBP 120 million
Total cost (Approximate amount)
to be confirmed post appointment of preferred bidder
Environmental aspects
The EIB will review the environmental impact assessment required under the statutory approval process in the UK.
Procurement
The project was advertised in the Official Journal in July 2001, and the selection of the preferred partner is on-going.
Status
Signed - 27/04/2005