Release date: 16 October 2002
Promoter – Financial Intermediary
The Newcastle upon Tyne Hospitals National Health Service Trust (the “Trust”)
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.
Proposed EIB finance (Approximate amount)
Approx GBP 120 million
Total cost (Approximate amount)
to be confirmed post appointment of preferred bidder
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.
Signed - 27/04/2005
Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The data provided on this page is therefore indicative and cannot be considered to represent official EIB policy (see also the Explanatory notes).