Financial Close on Bradford S

RNS Number : 3632Y

Costain Group PLC

02 September 2009

 



Costain Group PLC 

('Costain' or the 'Group')

Financial Close on Bradford Schools Phase 2 PFI 

Costain is pleased to announce that Integrated Bradford, a consortium that includes Costain, HSBC, Building Schools for the Future Investments and Amey Ventures, has reached financial close on the £230 million Bradford Schools Phase 2 PFI Project. 

The scheme, which is part of the Bradford 'Building Schools for the Future' Programme, includes the provision of four secondary schools for Bradford Metropolitan District Council. The four modern campus environments also  comprise four smaller schools and will provide dedicated learning for students with special educational needs. Design and construction of the schools will be provided by Educo, a Joint Venture between Costain and Ferrovial Agroman.

Phase 1 of the Bradford BSF Programme provided for three new secondary schools, all of which are now in full operation. A further three new primary schools, currently in construction, will be handed over in early 2010.

BSF is a £45 billion government initiative to modernise England's secondary school estate by refurbishing or rebuilding every school within the next ten years. Bradford BSF was one of the pathfinder projects, in which the development of new schools is undertaken by a Local Education Partnership that includes Bradford MDC, Costain, Amey and Building  Schools for the Future Investments. 

Andrew Wyllie, Chief Executive of Costain, said:  

'We are delighted to be continuing our involvement in 'Building Schools for the Future', through our  strong relationship with Bradford and our consortium partners to further improve the education provision in the City.'

1 September 2009

ENQUIRIES:

Costain Group PLC	Tel: [phone]
Andrew Wyllie, Chief Executive
Tony Bickerstaff, Finance Director
Graham Read, Public Relations
College Hill	Tel: [phone]
Mark Garraway
Adam Aljewicz

 

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