12th Oct 2005 11:59
Costain Group PLC12 October 2005 Costain Group PLC("Costain" or the "Group") Financial Close on Kent Grouped Schools PFI Costain is pleased to announce that as part of the Kent Education Partnershipconsortium ("KEP"), it has reached financial close on the £92 million KentGrouped Schools PFI project for Kent County Council. KEP is made up of Costain Education and Construction Limited, Bilfinger BergerBOT Limited and William Verry Limited. Costain will be responsible for thedesign and construction of three out of a total of six schools, with a value ofapproximately £46 million. Construction on the project commenced this month. Andrew Wyllie, Chief Executive of Costain, commented: "We are delighted to have reached financial close on this sizeable project.This is the second PFI contract we have secured in the education sector withinthe last three months following the success of our Ealing Schools projectannounced in July. Education is a key market for the Group as we continue tofocus on sectors in which we have a well developed skills base and extensiveexperience." 12 October 2005 Enquiries: Costain Group PLC Tel: 01628 842 444 Andrew Wyllie, Chief Executive Charles McCole, Finance Director College Hill Tel: 020 7457 2020 Mark Garraway Matthew Gregorowski This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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