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The Center Hospitalier Sud-Francilien (CHSF) has terminated a 30 year PPP contract that signed with Eiffage in 2006. The contract included the design, build, finance, operate, and maintain of the CHSF hospital project in southern Paris.
The agreement announced on 26 Feb. 2014, will be effective after the vote of the supervisory board of the institution on 14 March 2014. According to CHSF, this agreement will save about €650 million (US$895 million) to the public sector.
As part of this partnership, the hospital had to pay an annual payment of €48 million (US$66 million) to Eiffage for 30 years.
The CHSF will have, on 30 Sept. 2015, the responsibility of the entire operation of the hospital.
The hospital, which serves a population of 600,000, started operations on 23 january 2012. The CHSF groups together the healthcare services provided by Gilles de Corbeil hospital in Corbeil-Essonnes, Louise Michel hospital in Évry-Courcouronnes and Albert Calmette hospital in Yerres.