Work on site is expected to in January, as soon as the project reaches financial close. Completion is scheduled for 2017.
The project is Carillion’s 16th PPP hospital in the UK and is set to be one of the biggest construction projects in Liverpool.
The new hospital will be built next to the existing hospital, which will be demolished once services have been transferred. The new hospital will be the largest in the country with 646 beds, including a 40-bed critical care unit, 18 operating theatres and one of the largest emergency departments in the North West.
Client for the project is the Royal Liverpool & Broadgreen University Hospitals Trust. Chief executive Aidan Kehoe said: "With the new Royal we are creating a new kind of hospital designed to meet the needs of the people of Liverpool and Merseyside and dealing with the health challenges we face. It will provide both the most advanced treatment and the highest standards of comfort, privacy and dignity for patients. The new Royal will set the standard for what a 21st Century NHS should be like.
“The BioCampus that will be built on the current hospital site, will make Liverpool a city that develops and attracts global talent. It will generate 5,000 high value jobs, many of which will be provided by the city's University Technical College and will help the city develop a thriving knowledge economy. It will be a centre for leading international clinicians, pioneering researchers and cutting-edge Life Science businesses. This development will change the fortunes of the city, improving the health and wealth of Liverpool."
Carillion project director Austin Bell said: "The new Royal will be one of the biggest construction projects in the city. It will provide 750 full time construction jobs, 60% of these will be for local people and 15% from priority wards in the city.
“There will be 100 apprenticeships, along with opportunities for homeless people and 16 to 24 year olds who are experiencing barriers to learning and employment. In addition, 60% of the construction spend of the project will go to the local area, supporting local businesses.
“This project will change people's lives creating new opportunities for jobs and training that otherwise wouldn't be here in Liverpool. We are looking forward to getting started on the construction works and bringing this fantastic project to life."