The SA Health Partnership (SAHP) consortium today achieves financial close on the $1.85 billion new Royal Adelaide Hospital (nRAH).

The consortium, which includes Hansen Yuncken, Leighton Contractors, Macquarie Capital and Spotless, will finance, design, build and operate the hospital under a 35-year concession.

SA Health Partnership’s Chairman, Peter Hicks, stated that the new hospital was a major investment in South Australia and its future.

“The new Royal Adelaide Hospital is the single largest infrastructure project in the State’s history and the largest hospital project ever undertaken in Australia,’’ he said, adding that the project had attracted significant interest and strong support from investors from both Australia and internationally.

Private equity investment in the project totals more than A$300m and is provided by InfraRed Capital Partners Limited, Leighton Infrastructure Investments Pty Limited, John Laing Investments Limited, Lloyds Bank Corporate Markets and Macquarie Capital Group Limited.

SAHP raised over A$2.5 billion in long term debt from a diverse group of Australian and international banks to help finance the project. Led by Australia and New Zealand Banking Group Limited and National Australia Bank Limited, with support from core banks Credit Agricole CIB and WestLB AG, the Mandated Lead Arranging group includes some of the strongest names in international project finance.

The new Royal Adelaide Hospital will deliver advanced technologies and innovative care to enable the use of state-of-the-art equipment that will provide the highest-quality treatment and care to the people of South Australia.

“SA Health Partnership is committed to delivering an outstanding hospital and working with the State Government and the community to deliver value for money,” Mr Hicks said stating that the SA Health Partnership recognised the new Royal Adelaide Hospital’s “generational impact”.

“We are excited to be delivering an iconic, world-class health facility to the people of South Australia,” he added.

Advanced technologies will be utilised throughout the facility, including patient weighing beds and intelligent information systems such as wireless technology, equipment tracking capability and bedside entertainment and meal ordering for patients.

“The new Royal Adelaide Hospital will be larger, more sophisticated and better able to deliver effective and better focused patient care than its predecessor,’’ Mr Hicks said.

With financial close complete, the design work can be finalised and ground on the 12 ha site is likely to be broken within months.

Containing 700 single bedrooms and 100 same-day beds, the nRAH will have the capacity to admit over 80,000 patients per year.

The new hospital has been designed with patient needs at its centre. Rooms are designed as a private healing environment, making the most of natural light, fresh air and views. Patients will have the opportunity to display artwork, with access to outdoor areas and a place for visiting family to stay.

Green initiatives include rooftop rainwater and storm water recycling, solar boosted hot water, high efficiency water fittings throughout, water sensitive landscaping, natural light, a tri-generation system (with absorption chillers) to utilise waste heat from energy generators to provide heating and cooling to the building and the use of environmentally-friendly materials.

Mr Hicks emphasised that the new Royal Adelaide Hospital incorporated practical and innovative design solutions that will integrate the latest cutting-edge health care technology.

“The new hospital will also be able to respond to the region’s changing population and adapt to ever improving technologies for the best health outcomes not just when it opens its doors but in decades to come,’’ he said.

“In SA Health Partnership, the State has a long-term partner that understands and will deliver a health care solution that will benefit many future generations of South Australians.”