Consort Healthcare (Blackburn), the concession company awarded the 38-year, £116 million project which reached financial close in 2003.
Balfour Beatty's shareholding is 50%. Our 50% shareholder partner is HSBC Infrastructure Fund Management. At 31st December 2005 Balfour Beatty had invested £3 million in the project; Balfour Beatty's total committed investment is £6 million.
Financing type: Bond
The Royal Blackburn Hospital combines services onto a single site which were previously provided in two separate hospital sites, eliminating the need for some 16,000 ambulance transfers each year.
Construction involved a 45,000m2 extension to Queens Park Hospital and a refurbishment of 7,500m2 of the old facilities to provide a total of 668 beds.
Consort Healthcare (Blackburn) is responsible for the provision of hard facilities management including routine and life-cycle maintenance, certain soft facilities management services and various non-clinical services. The provision of non-clinical services is predominantly sub-contracted to Balfour Beatty WorkPlace, also a Balfour Beatty group company.
- Beds: 668
- Area: 71,000m2
- Staff: 2000+
- Capex: £100m
In Blackburn, the Trust team and Consort have formed an honest and effective relationship through transition; from procurement to construction and this bodes well for the operational phase of the contract
