8th Nov 2005 15:10
Kier Group PLC08 November 2005 Kier named preferred bidder for Oldham PFI schools for £51m construction contract Kier Group, in partnership with Dexia Public Finance Bank (Academy Services),has been named preferred bidder to provide two new schools for Oldham BoroughCouncil under the private finance initiative (PFI). The project has a netpresent value of £100m. The Kier project team comprises PFI specialist Kier Project Investment andfacilities management subsidiary Kier Managed Services as service provider forthe 25-year term. Construction of the new schools, to replace the existingFailsworth and The Radclyffe secondary schools, will be carried out by KierBuild and Kier North West under a £51m construction contract. Kier Group chief executive John Dodds commented: "We are delighted to have beenselected preferred bidder by Oldham Council for this exciting project and lookforward to working closely with them to provide the new schools as part of theGovernment's national education initiative." - ENDS - For more information, please contact: John Dodds, Chief ExecutiveDeena Mattar, Finance DirectorKier Group plc Tel: 01767 640111 Caroline SturdyMadano Partnership Tel: 020 7378 7033 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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