Programme includes delivery of 13 new or refurbished schools over four years
A Carillion joint venture has been selected as the preferred bidder for a 拢192m 好色先生TV Schools for the Future (BSF) programme.
Carillion expects to deliver 13 new or refurbished schools in three phases over four years for the Rochdale BSF programme, as part of a local education partnership (LEP) that includes Rochdale Borough Council and 好色先生TV Schools for the Future Investments.
Carillion expects to undertake the building and refurbishment work, which is due to start in January 2010, and is worth an estimated 拢180m.
Work on four of the 13 schools will be funded privately, through a combination of borrowing and equity. Carillion is hoping to invest equity in these, including 拢2.4m into Hollingworth school which is due to be delivered in the first phase.
The construction giant also expects to provide facilities management services for all four privately financed schools, which it predicts will generate some 拢12m of revenue across a 25-year concession period.
Carillion chief executive John McDonough said: 鈥淭his latest success further consolidates Carillion's position as one of the UK's leading suppliers to the government's 拢55bn 好色先生TV Schools for the Future programme and brings the total value of the BSF projects that we have won or for which we are preferred bidder to 拢1.4bn.鈥�
No comments yet