Carillion PLC
08 September 2004
8 September 2004
Carillion appointed preferred bidder for £180m Scottish schools PPP project
Business and construction services company Carillion and its joint venture
partners have been appointed preferred bidder for a PPP project to build ten new
schools on the outskirts of Glasgow with a construction value of approximately
£100 million. The project will also generate concession company turnover for
Carillion of some £80 million.
Carillion will carry out the construction works on nursery, primary and
secondary schools for Renfrewshire Council as part of a joint venture with Amey
UK plc and HBOS to provide state-of-the-art facilities for over 6,000 children
located in Paisley, Linwood and Johnstone. Construction will start in January
2005 with completion in October 2007.
Commenting on the appointment, Carillion's chief executive John McDonough said:
'The provision of new facilities on nine sites through this public/private
partnership will create first class accommodation for combining full-time
educational needs with adult community learning.
'This integrated approach to the provision of educational facilities to meet a
wide variety of needs is designed to provide optimum flexibility for the
constantly evolving world of education.'
Note to editors
Equity in the project is split as follows: Amey UK plc: 35%, HBOS: 35%,
Carillion: 30%
For further information please contact
Paula Manning, Group Corporate Communications, on 07739 651529
This information is provided by RNS
The company news service from the London Stock Exchange
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