Bovis Lend Lease wins Spain’s first PFI hospital project

Bovis Lend Lease has won its first Private Finance Initiative (PFI) contract in Spain.

The contract involves the building and management of a new €150 million hospital in Majadahonda, Madrid – Spain’s first healthcare PFI project - as part of a consortium which also includes Dragados, Spain's largest general contractor, and Grupo Sufi, a Spanish engineering, construction and services company.

The project involves the financing, design, construction and hard and soft facilities management of an 800-bed hospital to serve the needs of 520,000 local people, replacing Majadahonda’s existing Puerta de Hierro Hospital.

Comunidad de Madrid, Madrid’s regional authority, awarded the concession contract for the new hospital to Bovis Lend Lease and its partners only 10 weeks after they submitted their proposal.

The bid submission followed three months of intensive preparation, assisted by colleagues from Britain, where Bovis Lend Lease has already built and opened three PFI hospitals and is now building another five.

Construction is due to start later this year and will be completed in 28 months, after which the consortium will manage the hospital for 30 years.