News

North Tyneside “Older People Homes for the Future” PFI

TyneCare has successfully passed the ISOS stage in March 2009 and is now one of the three bidders selected by North Tyneside Council for its £100m project.

The TyneCare consortium is composed of Robertson Capital Projects Limited and Community Solutions for Primary Care, a joint venture between Morgan Sindall Investment Limited and Barclays Capital.

The North Tyneside “Older People Homes for the Future” PFI project involves the new build and refurbishment of 25 sheltered housing schemes and the development of seven surplus sites to ensure the borough can provide high quality independent living for elderly residents.

A preferred bidder will be selected by the end of March 2010 and financial close is due by the end of October 2010.