Peterborough Hospital PFI

3 Jul 2007 13:00

Tribal Group PLC03 July 2007 Tribal Group plc ("Tribal") - Peterborough Hospital PFI project Following the announcement today that financial close has been reached on thePeterborough Hospitals PFI scheme, Tribal is pleased to announce confirmation ofits appointment as design lead for the scheme. Nightingale Associates, Tribal's architectural services business, working forproject building contractor Multiplex Constructions, are the architects and leaddesigners for all three of the buildings that will make up the £339.5mPeterborough Hospitals PFI build project. The Peterborough scheme will comprise an acute hospital, a mental health unitand an integrated care centre, totalling 748 beds. It will provide emergencycare; general and specialist outpatient services; day, elective and emergencysurgery; diagnostics; cancer and therapy services. The scheme will become thelargest hospital facility in the region and also features a women and children'shospital and a multi-disciplinary education and training centre. As part of the financial close arrangements, Tribal will receive a reimbursementof discounted fees of £1.25m. This will improve Tribal's profit before tax andearnings per share for the current financial year. As the largest project on which Nightingale Associates is currently working, thecontinuing fee income of £5m spread over the next four years to 2011 representsa substantial contract win and provides high revenue visibility for thebusiness. Tribal's Chief Executive, Peter Martin, said: "We are delighted that Nightingale Associates has confirmed its appointment onthis prestigious and significant project in partnership with MultiplexConstructions. It is excellent news for the people in Peterborough who willbenefit from improved healthcare as the new facilities move closer torealisation. In terms of fee income, the Peterborough PFI is one of the largestappointments in Nightingale Associates' history, and it demonstrates Tribal'sleading position in the provision of architectural and design services in thepublic sector." - END - For further information contact: Peter Martin, Chief Executive, Tribal Group plc. Tel: 020 7323 7110Simon Lawton, Group Finance Director, Tribal Group plc. Tel: 01285 886020Colin Browne, Maitland. Tel: 020 7379 5151 Editors' note: On 4 July 2007 Tribal Group plc will be making a preliminary announcement of its results for the year ended 31 March 2007. Tribal Group provides a range of consultancy, support and delivery services tothe UK public sector. The Group's core markets are in education; communities(local government, housing and regeneration); health and central government.The Group employs approximately 2,000 staff in the UK. Tribal Group is quotedon the London Stock Exchange (TRB.L). Tribal's architectural services business, Nightingale Associates, is one ofEurope's largest architects specialising in healthcare and education design. Itemploys more than 300 staff across 12 locations, including main offices inLondon, Harwell, Cardiff, Rochdale, Liverpool and Leeds. Links: Tribal Group plc website: www.tribalgroup.co.uk This information is provided by RNS The company news service from the London Stock Exchange