Midland Metropolitan Hospital: £107m funding withdrawn by banks

Midland Metropolitan Hospital: £107m funding withdrawn by banks
 

Funding of £107m for a proposed West Midlands hospital has been "terminated" by banks following the collapse of the lead contractor, Carillion.
The European Investment Bank (EIB) had pledged the cash to co-finance construction of the Midland Metropolitan Hospital in Smethwick.
It had brought in four other lenders in to help following Carillion's collapse in January.
EIB blamed "ongoing project costs" of £5m for pulling out.
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The 670-bed... read more

 
7 June 2018 in Regional, Views: 42
Source: BBC
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