COMMERCIAL: A new hospital serving the North Tees and Hartlepool area is likely to be built by one of two companies – after a third bidder pulled out.

North Tees and Hartlepool Foundation Trust wants the new hospital at Wynyard to be in operation by 2017. At the end of last year it selected three bidders to go forward – Laing O’Rouke, Brookfield Multiplex Europe Ltd and Iridium Concesiones de Infraestructuras.

But Iridium had said that it is unable to continue with the process, after a discussion between the partners in its consortium.

The trust then contacted FCC/Interserve – which came fourth in the original selection process – but it felt the process was too far advanced to join without causing delays to design and construction.  

In a statement the trust said: “The interest from pension fund holding companies and banks remains high and the trust is confident, after recent meetings with high profile financial institutions, that a number of them have the appetite to compete to be the preferred funder for the scheme.

“The two bidding competitions are running in parallel and the trust hopes to announce both the preferred bidder to build the scheme and the preferred funder in early 2014.”