Banks seek state pledge on co-located hospitals

The government is coming under pressure to provide some form of guarantee to banks that agree to finance the co-located hospital programme that is central to its health strategy.

Ian Kehoe - avatar

Ian Kehoe

Susan Mitchell

Deputy Editor and Health Editor @susmitchellsbp
30th August, 2008

The government is coming under pressure to provide some form of guarantee to banks that agree to finance the co-located hospital programme that is central to its health strategy.

Despite months of talks, no arrangement has yet been reached to provide finance to the consortiums which won the contracts to build the six co-located hospitals. Banks are arguing that they are being asked to take on too much of the risk associated with the projects.

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