Carillion PLC Carillion joint venture achieves financial close (2146F)
July 26 2016 - 2:01AM
UK Regulatory
TIDMCLLN
RNS Number : 2146F
Carillion PLC
26 July 2016
26 July 2016
Carillion joint venture achieves financial close on Irish
Schools Bundle 5 Public Private Partnership project with an
estimated value to Carillion of approximately GBP190m
A Carillion Joint Venture, Inspiredspaces Bundle 5 (Ireland),
which is a 50:50 joint venture between Carillion and Dutch
Infrastructure Fund, has achieved financial close on the Irish
Schools Bundle 5 Public Private Partnership project, which has been
procured by the Department of Education and Skills, with Ireland's
National Treasury Management Agency acting as agent on its
behalf.
The joint venture will be responsible for financing, building,
operating and maintaining five schools and an institute of further
education that comprise Bundle Five of its schools Public Private
Partnership programme, located in counties Meath, Carlow, Wicklow
and Wexford. The joint venture will invest GBP9 million of equity
in the project, of which Carillion's share will be GBP4.5 million.
Carillion will also carry out the construction and deliver support
services over the 27-year concession period and these activities
together with our equity investment are expected to generate around
GBP190 million of revenue for Carillion.
Carillion is a leader in creating excellent learning
environments for students and staff, having delivered over 150 new
schools across the UK over recent years.
Commenting, Carillion Chief Executive, Richard Howson, said: "We
are delighted to have achieved financial close on this important
schools programme, which I believe reflects our experience and
expertise in this sector of the PPP market. We look forward to
working with the National Treasury Management Agency, the
Department of Education and Skills and the individual school
authorities to deliver a state-of-the-art facilities that provide
excellent learning environments for students and staff."
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 2015 of some GBP4.6 billion, employs around 46,000 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, remote site accommodation services and
consultancy services in the UK, Canada and the Middle East.
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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