James Cook University Hospital
Project Description
Project Name
James Cook University
Hospital
Location
Middlesborough
Client
Design, Build, Finance &
Redevelopment of the James
Cook University Hospital
August 1999
Construction Period
The project involved the design,
development, construction and
financing of new facilities
(66,000 sq m), enhancement
works (60,000 sq m) and
refurbishment works (11,000 sq
m) at the existing James Cook
University Hospital site.
48 months
Concession Period
The project has provided over
1,000 beds.
30 years
Start of Service
Clinical services at two other
separately located Victorian
hospitals
have
been
incorporated into one purpose
built facility Once the move had
been completed, these old
hospitals were then closed.
South Tees Hospital NHS
Trust
Concession Award
August 2003
Equity Providers
Carillion Private Finance,
Innisfree & Canary
Infrastructure Ltd
Funding requirement
£152m
Source of Debt
Capital Market Bond
Architect
HLM
The project required over 80
separate
handovers
and
decanting of departments during
the construction phase. Despite
this significant disruption the
hospital
remained
fully
operational at all times.
In June 2008, Carillion sold it’s
equity
in
James
Cook
University
Hospital
to
Innisfree.