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Laing lands Private Finance Initiative hospital scheme double

JOHN Laing has notched up its second Private Finance Initiative hospital scheme in as many weeks.

The latest victory is the 50 million-plus redevelopment of St James University Hospital in Leeds, which has now got the go-ahead from the Treasury, following more than two years of detailed negotiations.

Laing is part of the Medipark consortium, which is 50 per cent owned by Mediparks and includes Charterhouse Bank.

A start on site is expected by the middle of this year, with completion expected late in 1998. The 246-bed hospital will include an 80-bed patient hotel, medical science park and a 900-space car park.

The new building will feature three floors of clinical and patient accommodation and includes the hotel with 35 beds on the first oor and 45 on the second. St James is among the first of the PFI schemes to include a medical science park, and this will be built adjacent to the hospital with the aim of providing income to reduce the cost of the health care building.

Government organisation NHS Estates, which helps to run the rule over business cases put forward for private hospitals, claims that the private option for St James will mean savings of 5 million on construction costs, compared with the public option, and 10 million overall.