Bromley PFI debts moved

The Kings College Hospital NHS Foundation Trust has taken on responsibility for Bromley's Princess Royal University Hospital PFI following the dissolution of the South London Healthcare NHS Trust.

Last year, South London Healthcare became the first trust to be put into administration after struggling with PFI repayments and running up debt of £69m. It was officially dissolved on 1 October 2013.

The change in responsibilities ends a period of uncertainty for the project after the trust's special administrator published a report urging the government to take on the PFI debts. The PFI deal, signed in 2002 for £11m, runs until 2033.

The two PFI contracts under the SLHT's responsibility were widely reported as a major contributing factor in the trust's financial problems. However, Special Administrator Matthew Kershaw said the relatively poor performance of the trust compared to other trusts of its size, was a bigger problem than its PFI contracts.