7th Apr 2006 07:01
Galliford Try PLC07 April 2006 GALLIFORD TRY ANNOUNCES FINANCIAL CLOSE ON £134M HIGHLAND SCHOOLS EDUCATION PFI Galliford Try plc, the construction and housebuilding group, today announcedfinancial close on a PFI project for £134 million of construction work to buildeleven new schools in the Highlands of Scotland. The scheme encompasses five primary schools, three secondary schools, onecombined primary and secondary and a special needs facility. Work will becarried out over the next three years by Morrison Construction. The project was at preferred bidder stage on the acquisition of the MorrisonConstruction Division by Galliford Try in March. Greg Fitzgerald, Chief Executive of Galliford Try, commented: "The successful financial close of the Highland Schools PFI follows closelybehind the £192 million Northamptonshire Schools PFI secured by Galliford Trylast December. We are delighted to be working with the Highland Council tocreate buildings that will serve the whole community as well as significantlyenhancing the facilities for education in the Highlands. As expenditure on education continues to remain a priority, Galliford Try'strack record in the sector, from primary schools through to universitybuildings, underlines the Group's presence in this key market sector." Enquiries to: Greg Fitzgerald, Chief Executive Galliford Try plc 01895 855219Frank Nelson, Finance Director Galliford Try plc 01895 855226Geoff Callow, Bell Pottinger Corporate & Financial 020 7861 3232 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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