Shortlist for USD433 million hospital redevelopment PPP in Australia

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Shortlist for USD433 million hospital redevelopment PPP in Australia

Victorian Health and Human Services Building Authority shortlisted three consortia to deliver the AUD562 million (USD433.7 million) Frankston Hospital redevelopment.

The redevelopment will transform services at the hospital, providing world-class healthcare for local families and creating up to 1700 jobs during the peak of construction and in new opportunities for the healthcare sector in Melbourne’s south-east. 

The shortlisted consortia are:

  • Exemplar Health – comprising Capella Capital, Lendlease, Honeywell and Compass
  • Plenary Health – comprising of Plenary Group, Multiplex and Spotless
  • Pulse Health Partnership – comprising John Laing, Watpac and Serco Australia

The Frankston Hospital redevelopment will be delivered as a public private partnership, which involves bringing together a private consortium to design, construct, finance and maintain the new facility.

Frankston Hospital will remain a public hospital, with all clinical health services operated by Peninsula Health.

In the coming months, the shortlisted consortia will begin preparing detailed proposals to deliver the redevelopment, as part of a comprehensive tender process. The successful bidder is expected to be announced in early 2022, with construction of a new multi-storey tower to start shortly after.  Construction of the main tower is due to be complete in late 2024, and the redeveloped hospital treating patients in early 2025.

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