Release date: 11 February 2015
Promoter – Financial Intermediary
SANDWELL AND WEST BIRMINGHAM HOSPITALS NHS TRUST
The project involves the construction and maintenance of the new Midland Metropolitan Hospital to replace two existing outdated facilities and is part of a comprehensive integrated healthcare plan for the served population.
The new hospital of circa 80,000 m2 will enable the integration of acute hospital services, support the development of improved primary and community care and replace the current aging and unsuitable hospital facilities.
Proposed EIB finance (Approximate amount)
GBP 120 million
Total cost (Approximate amount)
GBP 350 million
Hospitals are not specifically mentioned in the Environmental Impact Assessment (EIA) Directive 2011/92/EU, though the project may be covered in Annex II of the directive in relation to urban development. The Bank’s services will verify during appraisal the screening decision of the relevant authority and whether an EIA is required.
The project is being carried out as a public-private partnership (PPP) using a competitive dialogue process. The preferred bidder is expected to be appointed in autumn 2015 and financial close is planned for April 2016. The Bank requires the promoter to ensure that contracts for the implementation of the project will be tendered in accordance with the relevant applicable EU procurement legislation (Dir. 2004/18/EC or 2004/17/EC and Dir. 2007/66/EC), with publication of tender notices in the EU Official Journal, as and where appropriate.
Signed - 11/12/2015
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).