31st Jan 2008 07:01
Carillion PLC31 January 2008 31 January 2008 Carillion joint venture appointed preferred bidder for £208 million NottinghamBuilding Schools for the Future contract Support services and construction company Carillion and its joint venturepartners, The Local Education Partnership (LEP), has been appointed as thepreferred bidder for the £208 million Nottingham Building Schools for the Future(BSF) programme. The LEP will deliver eight secondary schools in the current wave of the BSFprogramme, primarily through new build with some refurbishment and remodelling.In addition, there is potential to provide three new-build Academy Schools. Carillion will invest equity of around £2.25 million in the project. Work willbegin in mid-2008 and will be completed by the end of 2010. The construction element of the contract is valued at £180 million and Carillionwill also provide facilities management services for three of the new schoolsover the 25-year concession contracts, worth approximately £28 million.The LEP will also deliver further new schools for Nottingham City Council insubsequent waves of the BSF programme and may deliver other community andregeneration projects, subject to receiving the necessary approvals. Commenting, Carillion chief executive, John McDonough, said: "We are delightedto have achieved preferred bidder status on our third project under the BSFprogramme, which we expect to be a strong growth market for the Group,reflecting our ability to use our wide range of skills and resources to providefully integrated solutions. "Nottingham City Council is a leader in sustainability among local authoritiesand Carillion's strength in developing sustainable solutions was an importantfactor in our success. Working in partnership with Nottingham City Council, wehave created a vision for this project to meet the high standards of sustainabledevelopment set by the City Council. For example, for new-build schoolsbio-diesel combined heat and power technology will enable up to 70% of theirenergy requirements to be generated on site from renewable sources." -Ends - Notes to editors The Local Education Partnership comprises Nottingham City Council, Partnershipsfor Schools, Carillion and Royal Bank of Scotland. Nottingham City Council andPartnerships for Schools will each provide 10% of the equity, with the remainderbeing provided by Inspiredspaces, a joint venture between Carillion (40%) andRoyal Bank of Scotland (40%). Carillion plc is one of the UK's leading support services, construction andPublic Private Partnership project companies. The Group has annual revenue ofaround £4bn, employs over 40,000 people and operates across the UK, in theMiddle East, Canada and the Caribbean. In the UK, Carillion has eight principal market sectors - Education, Defence,Health, Building, Facilities Management and Services, Roads, Rail and CivilEngineering. In the Middle East, the Group's two principal market sectors are Constructionand Facilities Management. In Canada and the Caribbean, the Group's main sectorsare Health, Roads Maintenance and Construction. The Group is a leader in Public Private Partnership projects, particularly inthe Defence, Education and Health sectors in the UK and in the Health sector inCanada. Carillion's education portfolio includes the South Tyneside and Gateshead BSFproject, which reached financial close in December 2007, the Nailsea School BSFwhich achieved preferred contractor in January 2008, and 39 other schoolsprovided under Public Private Partnership projects. This and other news releases relating to the Group can be found atwww.carillionplc.com. For further information contactJohn Denning, Director Group Corporate Affairs, Carillion plc 01902 316426 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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