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Hospitals: Construction

Volume 487: debated on Wednesday 28 January 2009

To ask the Secretary of State for Health what the average capital cost is of major hospital capital building projects initiated under (a) the private finance initiative and (b) other funding arrangements in the last three financial years. (251072)

Under the private finance initiative over the last three financial years there have been 20 major hospital schemes (£25 million or over) which have reached financial close and started construction. Capital costs have ranged from £30 million to £1,000 million, with the average being £222 million.

Eight public capital funded major hospital schemes have awarded tenders and started construction over the last three years. Capital costs have ranged from £25 million to £75 million with the average capital cost being £47 million.