“Campaigners are urging NHS managers to ditch plans to fund part of the new Royal Liverpool Hospital using private finance.
Sam Semoff and other members of Keep Our NHS Public will lobby the trust at an public meeting planned today about the new build.
Retired researcher Mr Semoff says there are alternatives to borrowing through the Private Finance Initiative (PFI), such as the government giving more cash to fund the rebuild.
He said: “The thing that concerns me about PFI is that it takes money out of the health service budget. And paying off that PFI debt takes precedence when it comes to the trust’s finances.”
The total cost of the hospital project, including new build, landscaping, demolition and other associated costs is £429m, with £211m of that being met through private finance.
Aidan Kehoe, chief executive, said: “There is widespread support for the new Royal and the scheme is widely acknowledged as being a sound investment into the future of Liverpool.
“We’ve worked extremely hard to get the very best deal possible. Around three-quarters of the scheme’s funding will come from public sources and our annual payment to our private sector partner is less than 6% of our income.”
Mayor Joe Anderson said the Royal’s PFI build had been scrutinised “line by line” and approved.
He said the time for debate on funding was over, saying: “The time for the debate over the method of funding has passed. We now need to concentrate our efforts on making sure it is delivered.”
The Private FInance Initiative (PFI) is one of the scandalous methods of rationing which gets now, and pays later and for ever. The whole idea of government capital projects under PFI has been shown to be the worst short-term, and harmful, with many examples around the country such as in Devon and Norwich.