LONDON (dpa-AFX) - HICL Infrastructure Co. Ltd. (HICL.L) said it has acquired a 30% equity and loan note interest in the Birmingham New Hospitals PFI Project from Royal Bank Project Investments Ltd.
HICL noted that the project is a 40 year concession to design, construct, finance and maintain a new acute hospital and six new mental health facilities in Birmingham for the University Birmingham Hospitals NHS Foundation Trust and the Birmingham and Solihull Mental Health NHS Trust respectively.
James O'Halloran, investment director, Infrastructure, InfraRed Capital Partners Ltd. (HICL's Investment Adviser), commented, 'We are delighted to acquire this investment in this Project in which we have been involved since contract signing in 2006. The acute hospital delivered by the Project is one of the largest single hospitals in Europe and we look forward to working with all stakeholders to ensure that the final phase of construction is completed successfully and the Project continues to perform well.'
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