Carillion has been selected by the Royal Liverpool and Broadgreen University Hospitals Trust to deliver the new Royal Liverpool University Hospital Public Private Partnership (PPP) project, the capital cost of which will be some £335 million.

In addition to carrying out the construction work, Carillion will deliver support services for the new hospital from which it expects to generate approximately £80 million of revenue over the life of the 30-year concession contract. Carillion also expects to invest some £24 million of equity in the project.

Work on site is due to start shortly after the project reaches financial close, which is expected in January 2014, with completion scheduled for 2017.

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The new hospital will be built next to the existing hospital, which will be demolished once services have been transferred.

The new hospital will be the largest in the country with 646 beds, including a 40-bed Critical Care Unit, 18 operating theatres and one of the largest emergency departments in the North West.

It will also have an underground car park for patients and visitors, and buses will come onto the site, providing better and easier access to the hospital.

There will be a dedicated cycle centre and ten electric car-charging points.

The hospital will be one of the 'greenest' in the country, with renewable energy systems, low carbon technology, water meters and leak detection systems. The project will also pave the way for a world class Liverpool BioCampus on the site of the current hospital, which will play a key part in transforming the area and regenerating the Knowledge Quarter of the City.

Construction of the new hospital is expected to contribute around £240 million to the local economy, creating the equivalent of some 750 full-time jobs during the construction period, with 60 per cent of these jobs going to local people. There is also a commitment to source at least 60 per cent of materials locally.

(CD/MH)