4th May 2007 07:05
McAlpine (Alfred) PLC04 May 2007 4 May 2007 Alfred McAlpine plc Financial Close on first phase of Three Shires PFI Alfred McAlpine is pleased to announce that the Arden Partnership, its 50:50joint venture with Costain, has reached financial close on the £30m LincolnshireProject, the first of three phases of the £76.5m Three Shires batched mentalhealth PFI Scheme. This is the first batched PFI scheme in the UK. The Arden joint venture will provide equity and design, build and operate an8,500m2 Community Hospital and ancillary services over a four hectare site inSpalding, Lincolnshire. Costain will carry out the design and constructionworks, Alfred McAlpine will provide facilities management services and NIBC Bankwill act as sole lead finance arranger. The remaining two projects in the batched scheme are in Leicester and Derby andare due to reach financial close in the summer. Ian Grice, Chief Executive of Alfred McAlpine, said: "We are delighted to have reached Financial Close on this PFI scheme. This is animportant project for the East Midlands' health sector that heralds a newapproach to PFI schemes. Alfred McAlpine's involvement in this joint ventureunderlines our commitment to renewing and maintaining the UK's coreinfrastructure facilities." Enquiries: Alfred McAlpine Tel: 0207 9306255Ian Grice, Chief Executive Hogarth Partnership Tel: 0207 357 9477James LongfieldRachel Hirst Notes to Editors Alfred McAlpine plc is a leading support services group focused on providing ourclients with integrated solutions for all their built environment needs. TheGroup's principal businesses are positioned in large, growth markets across abroad range of public, private and regulated sector clients. These markets arebeing driven by the continuing trend to outsource the maintenance and managementof buildings and by the high levels of investment required to renew and maintainthe UK's infrastructure. With over 8,500 people, we aim to be our clients'partner of choice and to use our expertise and experience to build strong, longterm relationships based on the quality and range of services that we canprovide. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Costain