22nd Jun 2006 07:00
INTERSERVE WINS ADDIEWELL PRISON PPP Interserve, the services, maintenance and building group, and its consortiumpartners have been awarded the PPP contract by the Scottish Prison Service toconstruct and operate a new prison at Addiewell, West Lothian.Interserve will be responsible for the design and construction, working closelywith its long-term partner, UKDS (UK Detention Services), which will operatethe prison once opened. Construction works will begin immediately and the700-place facility is expected to open in 2009. The PPP contract will then runfor a further 25 years.The prison will cater for a variety of male prisoners of all ages includingthose on remand as well as those who have been sentenced.Interserve will invest 33% of the equity and sub-debt in the project. The othermembers of the long-standing and successful consortium, which is alreadyresponsible for creating and operating Bronzefield and Peterborough prisons inEngland, are Sodexho (UKDS's parent) and Royal Bank Investments Ltd.Adrian Ringrose, Chief Executive of Interserve, commented, "We welcome thisopportunity to work with the Scottish Prison Service to build a modern,operationally-designed prison. We shall be deploying the innovativeconstruction techniques we have developed in the course of our research andexperience in this specialist sector over the last eight years, and lookforward to delivering a first-class custodial facility." - Contact details and editors' information follow - For further information please contact:Giles Scott 0118 960 2307Head of Corporate CommunicationsNeil Bennett / Elizabeth Morley 020 7379 5151The Maitland ConsultancyUKDS:Nicholas Hopkins 0207 603 4913 or 0779 583 7383John Gerrie 0141 570 2940 or 0783 455 1805 About InterserveInterserve Plc (www.interserveplc.co.uk) is a services, maintenance andbuilding group. It creates buildings and other structures for clients in thepublic and private sectors, maintains many different types of buildings, theoperational systems that support them and a range of plant and equipment inspecialist fields, and co-ordinates a host of background services to keep itsclients running smoothly and efficiently while they concentrate on their corebusiness. Interserve is based in the UK, is listed on the London Stock Exchangeand trades in the FTSE 250 index. It employs 12,000 people worldwide and has anincome of more than ‚£1.25 billion.ENDINTERSERVE PLCRelated Shares:
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