The delivery of the new hospitals is the joint responsibility of Barts and The London NHS Trust and Capital Hospitals, a consortium of the project’s shareholders: Innisfree, Skanska Infrastructure Development and Dutch Infrastructure Fund, some of the biggest and most experienced names in the delivery of acute hospital developments.

The contract with Capital Hospitals started back in April 2006.  The consortium raised the £1 billion of finance needed to fund the project, has responsibility for the construction of the new hospitals and is providing facilities management services, both during this interim phase for the existing estate and once the new hospitals become available; a contract that runs for 42 years in total.

The programme is being paid for using the private finance initiative (PFI), the Government's preferred method for funding large capital projects across the public sector.  Under the PFI, the Trust continues to be responsible for the delivery of all healthcare services to patients, while Capital Hospitals designs, builds or refurbishes, and maintains the buildings.

The consortium shareholders have an excellent track record in delivering healthcare schemes procured through public private partnerships, as well as many other public infrastructure projects.

Click here to see a chart showing the contractual relationship between the Trust, Capital Hospitals, shareholders and service providers.