The Skanska Consortium, a partnership of Skanska and Equitix, reached financial close on the Papworth Hospital NHS Foundation Trust in Cambridge, UK on March 13, 2015.

The PPP project involves the design, build, finance, operation and maintenance of a new hospital which will be built on the Cambridge Biomedical Campus under a 30 year concession. The purpose built hospital will include 310 beds, outpatient services and a wide range of diagnostic and treatment facilities.

Construction is set to begin immediately with completion targeted for early 2018.

In its role as model auditor to the consortium, Operis was pleased to undertake a full audit of the financial model used at financial close which included a review of the model’s tax and accounting.

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