20th Dec 2005 07:01
Carillion PLC20 December 2005 Carillion appointed preferred bidder for South Ayrshire schools PPP contract Support services and construction company Carillion has been appointed preferredbidder for a Public Private Partnership contract to build six new schools inSouth Ayrshire. Education For All, a joint venture between Carillion plc (47.5%), HBoS TreasuryServices plc (47.5%) and Cyril Sweett Holdings Limited (5%), will design, buildand operate six schools for South Ayrshire Council over a 32.5 year concession. The project involves design, build and maintenance of two new senior schools(Prestwick and Belmont), three new primary schools (Alloway, Barassie, andMonkton) and an extension to Kyle academy. Carillion will carry out the construction work worth £73 million over the courseof two and a half years. In addition Carillion will invest some £4.5 million ofequity in the project, which is expected to generate around £56 million ofturnover for Carillion over the concession period. Carillion chief executive John McDonough said: "Education is a key growth sectorfor Carillion. Therefore, we are delighted to be appointed preferred bidder onthis contract and look forward to providing the new facilities. Our integratedapproach to the provision of educational solutions to meet a wide variety ofneeds is designed to provide optimum flexibility in the constantly evolvingworld of education." 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 education, health, transport (road andrail infrastructure), building, facilities management and support services forprivate and public sector customers. For further information contactJohn Denning, Director Group Corporate Affairs 01902 316384 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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