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Originally Posted by Margaret Pilkington
The companies who provided the PFI contracts should be told that after a certain date the hospitals will pay no more into their fat coffers...and hospitals should be allowed to contract their works to the lowest tender...or set up their own works departments again(far more cost effective and those who actually work for a hospital give a better service because of the pride they have in their work).
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That is written into all the contracts as they had an end date. Unfortuneately for BRH that is a long time away as it's a 38 year contract. BRH and parts of Burnley General were built in 2006 using PFI so the contracts will end in 2044 ish. It's costing East Lancs NHS Trust about £20 million a year to pay them but that won't include all the increased costs for maintenance/repairs/additions they also pay at inflated prices.
This quote is taken from
here
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A Kent-based firm called Consort Healthcare (Black-burn) Limited built the Royal Blackburn Hospital at a cost of £109million, and will receive £796million from the trust over 36 years.
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Why didn't they just get a mortgage from a bank?