4th May 2007 08:52
Costain Group PLC04 May 2007 Costain Group PLC("Costain" or the "Group") Financial Close on Three Shires PFI Costain is pleased to announce that the Arden Partnership, its 50:50 jointventure with Alfred McAlpine, has reached financial close on the £30mLincolnshire Project, the first of three phases of the £76.5m Three Shires PFIScheme. The deal was financed by NIBC Bank NV as Lead Arranger. The project is for the design, build and operation of a 8,500sqm CommunityHospital and ancillary services over a four hectare site in Spalding,Lincolnshire. Costain will carry out the design and construction works andAlfred McAlpine will provide facilities management services. The remaining two projects in the batched scheme are in Leicester and Derby andare due to reach financial close in the summer. Andrew Wyllie, Chief Executive of Costain, said: "We're delighted to have reached Financial Close on another significant PFIscheme in the health sector. This is further evidence of the strongrelationships we are developing with key NHS Trusts across the UK and we areconfident of similar success on the scheme's remaining two projects." 4 May 2007 Enquiries: Costain Tel: 01628 842 444Andrew Wyllie, Chief ExecutiveTony Bickerstaff, Finance DirectorGraham Read, Public Relations College Hill Tel: 020 7457 2020Mark GarrawayMatthew Gregorowski This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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