17th Feb 2015 08:23
LONDON (Alliance News) - HICL Infrastructure Company Ltd Tuesday said it has taken an 85% stake in the Ecole Centrale Supelec public?private partnership project in France, paying EUR3.4 million in the form of a loan stock subscription obligation payable upon construction completion.
The infrastructure investment company, which is advised by InfraRed Capital Partners Ltd, said the project consists of the design, construction, finance and maintenance of a new facility for the Ecole Centrale Supelec on plateau de Saclay, near Paris, as well as a shared teaching and research facility, an underground carpark and a hotel facility.
The project will be built by Bouygues Batiment Ile de France and will take approximately 2 years to complete, with an operational period of 26 years from construction completion, the company said.
The facilities management contract will be with Bouygues Energy & Services, which will also assume the lifecycle management risk.
HICL shares were down 0.2% at 153.85 pence on Tuesday.
By Samuel Agini; [email protected]; @samuelagini
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