Morgan Ashurst GBP134m PPP

Morgan Sindall PLC 16 August 2007 Morgan Sindall plc 16 August 2007 Morgan Ashurst JV awarded £134m East Dunbartonshire Schools Project Morgan Sindall plc, the construction and regeneration group, announces today that Morgan Ashurst, its full service construction business, is set to start work on a £134 million, public private partnership (PPP) scheme to design and build six new secondary schools in East Dunbartonshire, Scotland. Morgan Ashurst will be working with joint-venture partner, AMEC Building and Facilities Services. The contract award is worth £100 million to Morgan Ashurst, and follows financial close of a 30-year PPP led by InspirED, a consortium working on behalf of East Dunbartonshire Council. As the consortium's construction partner, Morgan Ashurst will design and build six state-of-the-art secondary schools in Bearsden, Bishopbriggs, Kirkintilloch and Milngavie. The new Morgan Sindall urban regeneration division, Muse Developments, will develop the schools' surplus sites for mixed-use commercial and residential accommodation. Paul Smith, Chief Executive of Morgan Sindall plc, said: 'The award of this significant construction project reinforces Morgan Ashurst's leading expertise in building schools for the future. I am also pleased that Morgan Ashurst is working with our new business, Muse, on this project. This underlines our very strong position in urban regeneration.' The East Dunbartonshire schools PPP scheme is the fourth major education project Morgan Ashurst has secured this year. The award follows the business being recently appointed one of four contractors for a £200 million, four-year building refurbishment and redevelopment scheme at the University of Reading as well as being appointed as a framework contractor on the Liverpool Schools Framework and the South Lanarkshire Primary Schools Framework. - Ends - ENQUIRIES: Morgan Sindall plc Tel: 020 7307 9200 Paul Smith, Chief Executive David Mulligan, Finance Director Blythe Weigh Tel: 020 7138 3204 Tim Blythe Mobile: 07816 924626 Paul Weigh Mobile: 07989 129658 Editor's notes: Morgan Sindall plc, the construction and regeneration group, operates through five specialist divisions of affordable housing, construction, development, fit out and infrastructure services. This information is provided by RNS The company news service from the London Stock Exchange
UK 100