International Public Partnership Ld Priority Schools Building Programme (3536M)
July 15 2014 - 6:29AM
UK Regulatory
TIDMINPP
RNS Number : 3536M
International Public Partnership Ld
15 July 2014
15 July 2014
INPP, as part of the Amber Consortium, is chosen as the selected
bidder to fund five batches of schools under the Priority Schools
Building Programme and the UK Government's PF2 initiative
International Public Partnerships Limited (INPP) is pleased to
note the announcement made by the UK Education Funding Agency that
the Amber Consortium, of which INPP is part, has been chosen as the
selected bidder to fund five batches of schools being delivered
through the Priority Schools Building Programme (PSBP).
The Priority School Building Programme is a centrally managed
government programme set up to address the needs of the schools
most in need of urgent repair. Through the programme, 261 schools
will be rebuilt or have their condition needs met by the Education
Funding Agency (EFA).
The first school will be completed in 2014 with all schools
within the programme delivered by the end of 2017. As part of the
programme, 46 schools in five batches with a value of circa GBP700m
are being delivered via private finance funding using the PF2
structure - the government's new approach to private finance. These
will be financed by the Amber Consortium. INPP expects to provide
approximately 10% of this funding as each batch reaches financial
close over the next 12 months.
Further details will be provided as each financial close date is
reached.
For further information:
Erica Sibree +44 (0)20 7939 0558
Amber Fund Management Limited
Nick Westlake/Hugh Jonathan +44 (0)20 7260 1345/1263
Numis Securities
Ed Berry/Mitch Barltrop +44 (0)20 3 727 1046 / 1039
FTI Consulting
Notes to Editors:
About the Priority Schools Rebuilding Programme
Further information about the programme is available at
www.gov.uk/government/publications/psbp-overview/priority-school-building-programme.
About International Public Partnerships (INPP):
International Public Partnerships (INPP) is a listed
infrastructure investment company which invests in global public
infrastructure projects developed under the public private
partnerships (PPP), private finance initiative (PFI), regulated
asset and other similar procurement methods.
Listed in 2006, INPP is a long-term investor in 115 social and
transport infrastructure projects, including schools, hospitals,
courts, police headquarters, transport and utility and transmission
projects in the U.K., Europe, Australia and Canada. INPP seeks to
provide its shareholders with both a long-term yield and capital
growth through investment across both construction and operational
phases of 25-40 year concessions.
Amber Infrastructure Group (Amber) is the Investment Advisor to
INPP and consists approximately 70 dedicated staff who manage,
advise on and originate projects for INPP.
Visit the INPP website at
www.internationalpublicpartnerships.com for more information.
This information is provided by RNS
The company news service from the London Stock Exchange
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