Project Details

✔ Project has been published!

Results Chart for Delivery Method and Financing

Delivery Method

DBOM Partially Public Finance
# of Projects: 1
100% of the Results

Background informationProject Created: July 20, 2009

Project Name: NHS LIFT (Local Improvement Finance Trust)
Year in Operation: 2005
Sector: Buildings
Subsector: Health Care Facility
Status: In Operation
Type: New Facility
Description: The project consisted of the creation of 500 new one-stop centers and subsantial improvement of 3000 GP surgeries in response to extremely low levels of investment in health care in the UK. Each LiftCo is a joint venture between the local Primary Care Trusts, Partnerships for Health (PUK and Dpt. of Health), and a private sector partner. After successful completion in the spring of 2005, a fourth phase of investment in the program was announced by the government.
Delivery Method as described in the country where it's located: Public Private Partnership
Is the project still active: Yes
Comments: Referred to as a PFI in the United Kingdom.

Project Locations

Address:
City:
State:
Country: United Kingdom of Great Britain & Northern Ireland

Address:
City: London
State:
Country: United Kingdom of Great Britain & Northern Ireland

Address:
City: Westminster
State:
Country: United Kingdom of Great Britain & Northern Ireland

Souces of Project Support (Non-monetary)

Checkbox Checked Access to Land: The land is owned by the Department of Health and the Crown.
Checkbox Checked Revenue Stream (Cash Flow) Protected Through Long Term Commitment(s) of Public Sponsor(s): Private sector entities hold long-term concessions to provide services to the LIFTCOs.

Souces of Project Support (Monetary)

Checkbox Checked

From Public (Government) Sources to Producers: Partnerships for Health (a joint venture between the Department of Health and Partnerships UK) holds 20% equity and local participants hold the other 20%.

Checkbox Checked

From Producers as Equity: Private sector partners hold 60% of the equity in these LIFTCO projects.

Project Delivery & Finance Method

Project Delivery:
All Public Finance. Public Sponsor contracts for initial design, and separately contracts for initial construction. Public Owner operates and maintains the resulting facility.
Is there an independant checking engineer? No
Project Finance Method: All or Partially By Public Sponsor

Procurement Approach

Project Component
Qualifications
Based Selection
Request for
Qualifications
Request for
Proposals
Invitation
for Bids
Unsolicited
Proposals

Term for Key Components & Forms of Contract

Project Component
Years
Quarters
Combined Term: Initial Design, Construction, O&M Period
0
0
Forms
Description
 
 

Project Value (If and As Known)

Date of Estimated Project Value: July 1, 2000
Project Value
Hard Cost
Hard & Soft Costs
Total
> $10 Billion US
> $10 Billion US
Array ( )

Warning!!!

You are about to delete: .

Confirm Deletion Cancel