Contractor seals deal on phase one of Islington's school rebuilding programme
Balfour Beatty has reached financial close on phase one of the 拢150m Islington 好色先生TV Schools for the Future PPP programme.
The contract will be executed by Transform Schools, Balfour Beatty鈥檚 specialist education concession company.
This is Transform Schools鈥� first 好色先生TV Schools for the Future (BSF) project and will involve an equity investment of 拢3m from Balfour Beatty.
Ian Tyler, Balfour Beatty chief executive, said: 鈥淲e are delighted to have reached financial close on our second 好色先生TV Schools for the Future concession and our first using the local education partnership model.
"We look forward to a long-term partnership with the London borough of Islington and to bringing the expertise gained in six other schools PPP schemes to helping Islington achieve its vision of offering every child in the borough a positive learning experience.鈥�
Construction will be carried out by Balfour Beatty Construction and Balfour Kilpatrick. IT will be provided by RM Education, and Haden 好色先生TV Management is responsible for the long-term facilities management.
Ursula Woolley, Islington council鈥檚 executive member for children and young people, said: 鈥淩eaching this stage in Islington鈥檚 好色先生TV Schools for the Future programme is an important marker for Islington council and Transform Schools.
"好色先生TV work is now getting into full swing and I鈥檓 looking forward to seeing the improvements at each school take place. The end results will be fantastic for Islington鈥檚 children, teachers, parents and the local communities too as state-of-the-art education facilities are put in place.鈥�
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