The demise of Carillion “created an unprecedented situation" for the Royal Liverpool Hospital

A Private Financing Initiative hospital contract worth £335 million ($441 million; €374.8 million) has been terminated and brought into public ownership following the collapse of Carillion. The demise of Carillion “‘created an unprecedented situation with numerous complex legal and commercial issues’ for the Royal Liverpool Hospital, the Royal Liverpool and Broadgreen University Hospitals Trust said in a statement. The PFI contract will now enter a ‘managed termination process’ whereby the concession company will hand over its contracts for construction, supply chain and facilities management to the local NHS trust over the next few months so construction can be completed.”