Contracts for the redevelopment of the new hospital will be signed next month.

And construction at King Edward VII Memorial Hospital is expected to begin as early as December.

The Bermuda Hospitals Board and Paget Health Services shared plans for the new Paget facility at a meeting at the Bermuda Underwater Exploration Institute this afternoon.

They said a contract formalising the agreement would be signed in November.

The building has a projected cost of $315 million.

It will be fitted with an atrium and offer oncology, dialysis and diabetes services and have 90 single patient rooms.

The facility will be designed, built, financed and maintained for the next 30 years by Paget Health Services.

See tomorrow’s Royal Gazette for the full story.