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18 August 2004

Mott MacDonald is appointed lenders’ engineer for one of ten PFI hospitals in Portugal valued at €1.5 billion

Mott MacDonald has won a contract to act as lenders’ advisor to Dexia Public Finance Bank and Espirito Santo Investment, lead arrangers for the Consis Consortium. The project is one of ten new acute PFI hospital projects that the Portuguese government is releasing over the next three years. It is the first time anywhere in the world that the provision of PFI clinical services is being undertaken on such a large scale. Each project involves the construction of a new hospital and the provision of soft and hard facilities management services plus clinical services.

The hospitals, which will serve approximately four million people will be built across Portugal, from Porto in the north to the Algarve in the south, and are being developed to deliver significant improvements in the healthcare sector as well as to increase the clinical services available in Portugal.

The ten hospital projects, with a capital value close to €1.5 billion, will involve the provision of all maintenance and operations including clinical services. Mott MacDonald will in addition to applying standard technical due diligence, undertake a full clinical due diligence process on the underlying local and regional healthcare economy and all aspects of the clinical skills provision including costs, operation and risks. Mott MacDonald’s role also involves the review of the Consortium’s tender document submission, construction and operations monitoring.

The first hospital, which will reach preferred bidder stage in early 2005, is being built in Loures, north of Lisbon, will be completed by the beginning of 2008.

Note to editors:
1.This project combines the expertise of Mott MacDonald’s PFI experience as well as additional clinical and pharmaceutical assistance from HLSP and GRC, who joined the Group in November and July 2003, respectively.
2.The Consis Consortium is composed of Espirito Santo Saude, Mota-Engil, OPCA, Dalkia and Asklepios Group

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