Skanska reaches financial close for New Papworth Hospital in Cambridge, UK
Skanska has reached financial close with the Papworth Hospital NHS Foundation Trust for the New Papworth Hospital in Cambridge, UK. The PPP-contract includes design, build, finance, operations and maintenance responsibilities. The construction contract is valued at around GBP 140 M, about SEK 1.8 billion, which will be included in the order bookings for Skanska UK for the first quarter of 2015.
Skanska’s share of the equity investment is GBP 5.5 M, about SEK 70 M, which represents 50 percent and Equitix will commit the remaining 50 percent.
The consortium consists of Skanska together with OCS, who will provide soft facilities management services.
Construction is expected to start immediately, with estimated completion in early 2018.
Skanska Infrastructure Development is a leader in the global Public Private Partnerships (PPP) market. The business unit invests in, develops and operates roads, hospitals, schools, power plants and other social infrastructure in partnership with the public sector.
For further information please contact:
Niklas Franck, Communications, Skanska Infrastructure Development, tel: +44 207 429 4200
Edvard Lind, Head of Media Relations, Skanska AB, tel: +46 (0)10-448 88 08
Direct line for media: tel: +46 (0)10-448 88 99
This and previous releases can also be found at www.skanska.com
Skanska AB may be required to disclose the information provided herein pursuant to the Securities Markets Act.
Skanska is one of the world’s leading project development and construction groups with expertise in construction, development of commercial and residential premises, and public-private partnership projects. Based on its global green experience, Skanska aims to be the client’s first choice for green solutions. The group currently has 58,000 employees in selected home markets in Europe and the US. Skanska's sales in 2014 totaled SEK 145 billion.