Carillion PLC
20 December 2005
Carillion appointed preferred bidder for South Ayrshire schools PPP contract
Support services and construction company Carillion has been appointed preferred
bidder for a Public Private Partnership contract to build six new schools in
South Ayrshire.
Education For All, a joint venture between Carillion plc (47.5%), HBoS Treasury
Services plc (47.5%) and Cyril Sweett Holdings Limited (5%), will design, build
and operate six schools for South Ayrshire Council over a 32.5 year concession.
The project involves design, build and maintenance of two new senior schools
(Prestwick and Belmont), three new primary schools (Alloway, Barassie, and
Monkton) and an extension to Kyle academy.
Carillion will carry out the construction work worth £73 million over the course
of two and a half years. In addition Carillion will invest some £4.5 million of
equity in the project, which is expected to generate around £56 million of
turnover for Carillion over the concession period.
Carillion chief executive John McDonough said: 'Education is a key growth sector
for Carillion. Therefore, we are delighted to be appointed preferred bidder on
this contract and look forward to providing the new facilities. Our integrated
approach to the provision of educational solutions to meet a wide variety of
needs is designed to provide optimum flexibility in the constantly evolving
world of education.'
Notes to editors
Carillion is a leading provider of integrated solutions for buildings,
infrastructure and services. As a FTSE 250 company with a turnover of around £2
billion and over 19,000 employees, the Group delivers high-quality, cost
effective and sustainable solutions using its wide range of skills and
resources. Our key target markets are education, health, transport (road and
rail infrastructure), building, facilities management and support services for
private and public sector customers.
For further information contact
John Denning, Director Group Corporate Affairs 01902 316384
This information is provided by RNS
The company news service from the London Stock Exchange
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