Carillion and The Local Education Partnership have been appointed as the preferred bidders for the £208 million Nottingham BSF programme.
The LEP will deliver eight secondary schools in the current wave of the Building Schools for the Future programme, primarily through new build with some refurbishment and remodelling.
Carillion will invest equity of around £2.25 million in the project. Work will begin in mid-2008 and will be completed by the end of 2010.
The construction element of the contract is valued at £180 million and Carillion will also provide facilities management services for three of the new schools over the 25-year concession contracts, worth approximately £28 million.
Ongoing
The LEP will also deliver further new schools for Nottingham City Council in subsequent waves of the BSF programme and may deliver other community and regeneration projects, subject to receiving the necessary approvals.
Commenting, Carillion chief executive, John McDonough, said: “We are delighted to have achieved preferred bidder status on our third project under the BSF programme, which we expect to be a strong growth market for the Group, reflecting our ability to use our wide range of skills and resources to provide fully integrated solutions.
“Nottingham City Council is a leader in sustainability among local authorities and Carillion’s strength in developing sustainable solutions was an important factor in our success. Working in partnership with Nottingham City Council, we have created a vision for this project to meet the high standards of sustainable development set by the City Council. For example, for new-build schools bio-diesel combined heat and power technology will enable up to 70 percent of their energy requirements to be generated on site from renewable sources.”
February 1, 2008
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