Queen Alexandra Hospital, Cosham

Health written question – answered on 14th June 2006.

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Photo of Peter Viggers Peter Viggers Member, Treasury Committee, Member, Speaker's Committee on the Electoral Commission, Member, Tax Law Rewrite Bills (Joint Committee) 14th 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.

Photo of Andy Burnham Andy Burnham Minister of State (Department of Health) (Delivery and Quality) 14th June 2006

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.

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