22 May 2009 07:00
INTERSERVE CONSORTIUM REACHES FINANCIAL CLOSE ON c. £270m ENNISKILLEN HOSPITAL PFI
An Interserve consortium has reached financial close on the contract to create and maintain the new acute hospital at Enniskillen, County Fermanagh, worth approximately £270 million. The consortium was named preferred bidder for the project, the first PFI hospital in Northern Ireland, by the Western Health and Social Care Trust in September 2008.
Interserve will invest approximately £9.2 million in the project, representing 31.5 per cent of the equity and subordinated debt. The other partners in the consortium are Allied Irish Banks p.l.c., FCC Construction SA and P Elliott & Co. The latter two will build the hospital in a joint venture. Interserve will provide "hard" FM services for 30 years once the hospital opens, including mechanical and electrical maintenance, estates management, grounds maintenance, utilities management and the provision and operation of a helpdesk.
The hospital, located on a 52-acre greenfield site at Wolf Lough to the north of Enniskillen, will be the first in Northern Ireland with 100 per cent single-bed, en-suite rooms. There will be more than 300 beds and an overall floor area of approximately 65,000 sq m. The hospital will provide a wide range of inpatient, outpatient and day-case services including accident and emergency, diagnostic services, an observation and assessment unit, elective/ planned surgery and acute medical/surgical services.
Adrian Ringrose, Interserve's Chief Executive, commented, "Enniskillen Hospital will be an excellent facility for the people in the south-west of the province. This is the second PFI contract on which we have reached financial close this year - Derry Schools, also in Northern Ireland, was the first. These important projects, together with other preferred bidder appointments thus far in 2009 in the waste and education sectors, demonstrate Interserve's strength in key social infrastructure sectors."
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For further information please contact:
Giles Scott 0118 960 2307
Head of Corporate Communications
Elizabeth Morley / Tom Roberts 020 7379 5151MaitlandAbout Interserve
Interserve's vision is to be the Trusted Partner of all our stakeholders. We are a services, maintenance and building group operating in the public and private sectors in the UK and internationally. We offer advice, design, construction and facilities management services for society's infrastructure and provide a range of plant and equipment in specialist fields. Interserve is based in the UK and is a FTSE 250 company. It has revenue of £1.8 billion and a workforce of 50,000 people worldwide. Website: www.interserve.com.
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