Waiting for the first health PFI deal

Article Abstract:

There is still considerable uncertainty about the prospects for the UK government's Private Finance Initiative (PFI) in the health sector. Health trusts have been permitted since 1994 to fund hospital building privately, but no final contracts have yet been signed. Problems have arisen because consortia are dealing with individual health trusts, which are separate legal entities, rather than with government counterparties. However, there are now signs of progress, with Dartford and Gravesham NHS Trust having signed a deal with a consortium led by Tarmac.

Hospital-Health Facilities, Management, Investments, Hospitals, United Kingdom. National Health Service, Private sector, Health facilities construction

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Fazakerley Prison a textbook PFI project

Article Abstract:

Fazakerley Prison Services Limited, a Group 4 and Tarmac joint venture, entered into a contract with the UK Home Office, for the design, construction, management and financing (DCMF) of a new prison near Liverpool. New tender invitations for two prisons were issued to the five bidders in early 1995, using the negotiated procedure, with a consortium of Securicor, WS Atkins, Costain, Skanska and Seifert the preferred bidder for the Bridgend prison. The Contractor takes design and construction risks under the DCMF contract.

Joint ventures, Tarmac PLC, Group 4 Total Security Ltd.

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Premier wins Lowdham

Article Abstract:

The 130 million pounds sterling contract for the design, construction, management and financing of the 500 bed Lowdham Grange Prison in Nottinghamshire, England, looks set to be awarded to Premier Prison Services Ltd. This company, a joint venture of Wackenhut Corrections and Serco Group, has been selected as the preferred bidder. The contract is likely to be signed on Nov 01, 1996, with the prison due to open in Jan 1998.

Contracts, Premier Prison Services Ltd.

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