Princess Royal University HospitalBromley
Design process/challenges
The hospital opened on time and fully equipped in March, 2003. The PFI has operated
successfully ever since, completing its first major life cycle replacement of the Trust
transfer CT scanner in late 2005.
Funds raised comprise £10.1M from Bank of Ireland and £1.1M from the sole shareholder,
UME Investment, total £11.2M. The life cycle obligations require a facility that increases
and decreases over time. We were able to agree a revolving facility with Bank of Ireland
at an affordable cost to the Trust and which is fair and workable to both the equity and
bank investors.