Carillion PLC Re Contract (3037Z)
December 10 2014 - 2:05AM
UK Regulatory
TIDMCLLN
RNS Number : 3037Z
Carillion PLC
10 December 2014
10 December 2014
Carillion joint venture appointed as the Selected Bidder for
GBP190 million Public Private Partnership project to deliver the
Midlands Private Finance Batch under the Priority School Building
Programme (PSBP)
A Joint Venture comprising Carillion and Equitix will finance,
design, build and provide hard facilities management for the eight
schools that comprise the Midlands Private Finance Batch under the
PSPB.
This programme forms part of the Government's GBP750 million
Priority School Building Programme through which the Education
Funding Agency is procuring projects to renew those parts of the
schools estate in England that have been prioritised for
replacement or upgrading.
Carillion expects to invest up to approximately GBP9 million of
equity in the project from which we also expect to generate
construction and services revenues of approximately GBP190 million
over the life of the 27-year construction and concession
contract.
The Midlands Priority Schools Building Programme will improve
education facilities and outcomes for the pupils and staff in the
eight schools listed below, by replacing substandard buildings and
providing excellent facilities to support teaching and
learning.
Schools
Alfreton Grange Arts College, Derbyshire
ARK Kings Academy, Birmingham
Greenwood Academy, Birmingham
Plantsbrook School, Birmingham
President Kennedy School, Coventry
The Phoenix Collegiate, Sandwell
The Queen Elizabeth Academy, Warwickshire
Top Valley Academy, Nottingham
Carillion Chief Executive, Richard Howson said: "We are
delighted that we have been appointed as the Selected Bidder for
the Midlands Private Finance Batch under the Priority School
Building Programme. Carillion is a market leader in the education
sector having delivered around 180 new schools and academies
through a combination of privately and publicly financed projects
and we look forward to working closely with the Education Funding
Agency and the schools to create excellent facilities for pupils
and staff.
"This is the second major PPP project in the UK for which we
have been selected as the preferred bidder this year, following our
success in being selected for the Aberdeen Western Peripheral Route
in which we will invest some GBP20 million of equity and from which
we expect to generate around GBP175 million of construction
revenue."
Notes to Editors
Carillion is a leading integrated support services company with
a substantial portfolio of Public Private Partnership projects and
extensive construction capabilities. The Group had annual revenue
in 2013 of some GBP4.1 billion, employs around 40,000 people and
operates across the UK, in the Middle East and Canada.
The Group has four business segments.
Support services - this includes facilities management,
facilities services, energy services, utility services, road
maintenance, rail services and consultancy services.
Public Private Partnership (PPP) projects - this includes
investing activities in PPP projects for Government buildings and
infrastructure, mainly in the Defence, Health, Education, Transport
and Secure accommodation sectors.
Middle East construction services - this includes building and
civil engineering activities in the Middle East.
Construction services (excluding the Middle East) - this
includes building, civil engineering and developments activities in
the UK and construction activities in Canada.
This and other Carillion news releases can be found at
www.carillionplc.com
For more information
John Denning, Director Group Corporate Affairs, Carillion plc +
44 (0) 1902 316426
Finsbury
James Murgatroyd or Gordon Simpson +44 (0) 207 2513801
This information is provided by RNS
The company news service from the London Stock Exchange
END
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