Source: Telegraph

By Laura Donnelly, Health Correspondent, Sunday Telegraph

Developers will be handed huge swathes of land worth hundreds of millions of pounds, if the NHS fails to maintain a string of controversial Private Finance Initiative contracts, it can be revealed.

Five hospitals are being run under PFI deals that give the private-sector partners a land lease extending far beyond the original contracts to provide and maintain NHS buildings.

The land at risk was originally valued at more than 500 million pounds but could be worth far more if developed now for housing on the open market, property experts say.

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Posted by pichu at May 20, 2007 9:53 PM