8th Apr 2005 07:00
Carillion PLC08 April 2005 8 April 2005 Carillion wins £100 million contract for Leeds schools Support services and construction company Carillion has secured a £100 millioncontract to build six new schools in Leeds. Carillion will provide design and construction services to the Investors in theCommunity Consortium (IIC), which has reached financial close on this PFIproject for Leeds City Council. The project involves the construction of five new secondary schools and oneprimary school on five separate sites, all of which will open over the next twoyears. The project will benefit more than 5,800 young people and provide them and thewider community with state-of-the-art facilities. Additional facilities includesports pitches, extensive landscaping and a hydrotherapy pool. Carillion chief executive John McDonough said: "Education is a key growth sectorfor Carillion. Therefore, we are delighted to have secured this contract andlook forward to providing the new facilities, which will create first classaccommodation for full-time educational needs and community learning in Leeds." Simon Phillips, director, Investors in the Community said: "Through having ahand-picked team and total commitment from all parties we've been able to fasttrack the first stages of this project, achieving financial close within 12weeks of IIC being selected as preferred bidder. We look forward to working withCarillion and our other partners for equally successful delivery at every futurestage of the project." Councillor Richard Harker, Leeds City Council, executive board member withresponsibility for education said: "To reach this milestone in this time is asignificant achievement for everyone involved in this project and is testamentto their experience and professionalism. Our young people deserve the very bestand these new schools will provide state-of-the-art facilities for learning, andinspiring environments for our talented teaching staff. I look forward to seeingthese exciting new buildings over the next two years." Notes to editorsCarillion is a leading provider of integrated solutions for buildings,infrastructure and services. As a FTSE 250 company with a turnover of around £2billion and over 19,000 employees, the Group delivers high-quality, costeffective and sustainable solutions using its wide range of skills andresources. Our key target markets are health, transport (road and railinfrastructure), building, facilities management and support services forprivate and public sector customers. Carillion is also a leader in its own right in Private Finance, with a portfolioof 19 financially closed projects, in which it has invested or is committed toinvest a total of £50 million of equity. Carillion is also the preferred bidderfor a further three projects in which it expects to invest a further £16 millionof equity as well as generate construction and maintenance turnover worth over£800 million to Group. For further information contactJohn Denning, Director Group Corporate Affairs 01902 316384Jane Smith, Corporate Communications 01902 316620 Catherine Wright, Leeds City Council press office 0113 224 3335Pippa Goodman, Investors in the Community 0207 379 5000 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Carillion Plc