Skanska, a multinational construction and development company, has reached financial close with the Papworth Hospital NHS Foundation Trust for the £165m new Papworth Hospital in Cambridge.
The public-private partnership contract includes design, build, finance, hard and soft facilities management of the new Papworth Hospital at the Cambridge Biomedical Campus.
The consortium consists of Skanska together with OCS, which will provide soft facilities management services.
Hard facilities management services at the hospital will be provided by Skanska for a 30-year post-completion period.
The construction contract for Skanska is valued at £140m and will be included in the order bookings for Skanska UK for the first quarter of 2015.
The new Papworth Hospital project will be completed in 2018 with Skanska commencing work on the site immediately.
The hospital will include 310 beds, most of which will be in single rooms, a 46-bed critical care area, seven operating theatres, six in-patient wards, a 24-bed day ward, an outpatient unit and diagnostic and treatment facilities.
Skanska UK managing director Terry Elphick said: "We will be consulting with all stakeholders throughout construction, an approach we like to take on our healthcare projects around the world, for example Barts and The Royal London, Derby City General Hospital, UCH Macmillan Cancer Centre, the Proton Therapeutical Centre Teaching Hospital in the Czech Republic and Le Bonheur Children's Hospital in the USA."