Release date: 7 February 2006
Promoter – Financial Intermediary
Forth Valley Health Board ("NHS Forth Valley"), a public body corporate accountable to Scottish Ministers and Scottish Executive Health Department for the financial and operational performance of the public health system in the Forth Valley area of ScotlandLocation
Description
Design, construction, operation, maintenance and financing of a new acute hospital for Forth Valley in Scotland.
Objectives
Acute hospital services in Forth Valley are currently divided between Stirling and Falkirk Infirmaries, a situation considered to be unsustainable, both clinically and economically. The project represents a key component of the healthcare strategy for the area, centralising acute inpatient services on one site located in Larbert.
Sector(s)
Proposed EIB finance (Approximate amount)
Up to 50% of senior debt.
Environmental aspects
The Project involves the development of healthcare facilities on a brownfield site, previously used for healthcare purposes, in a largely parkland setting. A full Environmental Impact Assessment has been requested by the local authorities to support the outline planning application for the site.
Procurement
As is standard for UK PFIs, the project has been procured in accordance with relevant EC Directives.
Status
Signed - 15/05/2007
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).