Election call kills PFI hospital deals

Article Abstract:

All approval processes which may involve a new government in making private finance initiative (PFI) spending have been suspended following announcement that the UK is to have a general election on May 01 1997. This means that the government will not be able to finalise a deal on the first PFI hospital, even though testing for PFI options has been compulsory for health projects since 1994. Up to eight hospital trusts have had to cancel plans to obtain Treasury approval for projects.

Investments, Private sector

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Bidders back off 71m pounds sterling PFI hospital

Article Abstract:

Unilink is now the only bidder for a 71 million pounds sterling private finance hospital scheme in Oxford, England. Other bidders have dropped out of the scheme, which will see the relocation of the Radcliffe hospital, because they were concerned about the structure of the deal, under which they would have had to work with two NHS trusts. It is now planned that the Radcliffe hospital will share a site with the John Radcliffe and Churchill hospital in Headington.

Oxford, England

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Bouygues bids for 38m pounds sterling PFI hospital

Article Abstract:

Leading French construction firm Bouygues is hoping to take a 20% stake in a 38 million pounds sterling Private Finance Initiative hospital scheme in Barnet, London, England, through Quille, a subsidiary of Bouygues Construction Europe. Bouygues is very keen to establish a stronger presence in the UK. If selected, it will become part of a consortium with Siemens, London Financial Group, Compass and Healthgate. Its rival for the contract is Kier.

Construction industry, Foreign operations, London, England, Bouygues S.A.

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