A £165 million deal for a new hospital has been approved by the Chief Secretary to the Treasury, Danny Alexander, and the Chancellor of the Exchequer, George Osborne.
Papworth hospital, a leading specialist heart and lung hospital, will move from its current location outside Cambridge onto the Addenbrooke’s hospital site in the city.
New buildings and facilities will be constructed on the site of the Cambridge Bio-medical Campus to accommodate the relocated Papworth hospital. Papworth hospital’s future location is now secure following years of uncertainty.
The existing buildings at Papworth are over 75 years old, with some older than 150 years.
The new Papworth hospital is to be delivered through a 30-year PFI deal, with confirmation of the service provider to be announced shortly.
Construction of the new facilities is projected to begin in 2015 and complete by 2017 to 2018. The plans for this project will be finalised over the coming months, with all funding subject to final approvals as usual.