The Tayside Acute Adult Mental Health Developments scheme is being backed by Morgan Sindall Investments and Robertson Capital Projects, on behalf of NHS Tayside and the North of Scotland Planning Group.
The inpatient facilities provided will create 183 new bed spaces at Murray Royal Hospital, with an additional 52 at Stracathro Hospital.
Work at Stracathro Hospital in Angus is scheduled to complete in September 2011 and at Murray Royal Hospital in April 2013.
Paul Smith, chief executive of Morgan Sindall group, said: “We are very pleased the scheme has reached financial close and we have been chosen to deliver these major healthcare projects.
“This contract demonstrates how the combined skills of the new Morgan Sindall construction and infrastructure division, supported by Morgan Sindall Investments, enables us to provide state-of-the-art facilities.”