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Queen Alexandra Hospital, Cosham

Volume 447: debated on Wednesday 14 June 2006

To ask the Secretary of State for Health what the projected cost is of the private finance initiative re-development of Queen Alexandra Hospital, Cosham. (72540)

The capital cost of Portsmouth Hospitals National Health Service Trust’s private finance initiative (PFI) scheme for the redevelopment of Queen Alexandra Hospital is £236 million. The annual payment the trust will make to its private sector under the PFI contract is £32,866,000 million, subject to satisfactory performance by the contractor and other factors such as refinancing. The contract is for 35 years; payment commences after the first three and a half years upon the successful construction and handover of the new facilities to the trust.