Quote:
Originally Posted by Neil
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
Why didn't they just get a mortgage from a bank?
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I was party to the meetings on PFI, but couldn't remember the costs...after all it is 14 years since I retired.
I don't know why the other oprions for finance were not considered...I have a feeling there was a push from government to do it this way or go without new facilities.
It is a lot of money to find before any services at all are offered...and then of course the hospital have to do the annual savings bit without compromising quality or services.