Potential funding and construction of a multi-storey car park at William Harvey Hospital

It has been recognised by the Trust that there is insufficient parking for patients and visitors at William Harvey Hospital and a potential multi-storey car park is a potential solution. The Trust however does not have the benefit of any capital funding for the construction of a multi-storey car park and therefore any proposed solution will need to be fully funded by, or through, the prospective bidder / relevant partner. In addition, the proposed solution must ensure that there is no IFRS 16 impact on the Trust's balance sheet.<br/><br/>We are anticipating a 10 to 11 month construction programme to commence at the earliest opportunity in 2025.<br/><br/>We therefore wish to engage with prospective suitably experienced, and capable, providers to identify appropriate innovative turnkey schemes that can generate annual revenue for the Trust (whilst also financing the capital funding requirement) and inform the most appropriate design, procurement and contracting approach to maximise market interest in this project, including:<br/><br/>i) every aspect of the patient and visitors only multi-storey car park development process, from design and planning and project management through to construction, legal related matters and contracts; and<br/>ii) a compliant IFRS 16 solution that remains off balance sheet. Additional information: Please note in order to assist prospective suitably experienced, and capable, providers to determine whether this potential opportunity is of interest, the value stated in section II.1.5.1 above is estimated. <br/><br/>We note that the value may be affected by any subsequent commercial model adopted.