Re Contract

RNS Number : 1835A

Balfour Beatty PLC

05 October 2009

 



5 October 2009

BALFOUR BEATTY AWARDED EDUCATION SECTOR 

CONTRACTS TOTALLING £134 MILLION

Balfour Beatty, the international engineering, construction, investment and services Group, announces today that it has been awarded two education sector contracts totalling £134 million.

Balfour Beatty has been awarded the £77 million contract to build new student accommodation at the University of Exeter, in partnership with University Partnerships Programme Limited (UPP), as part of the University's £400 million capital programme. Located at the University's Streatham campus, the project is scheduled for completion in late 2012.  

This is the third project which Balfour Beatty has been awarded by UPP.  The previous projects were for the development of student accommodation, academic buildings and facilities for the University of Plymouth and the University of Kent.

Lincolnshire County Council, as part of the National Academies Framework, has appointed Balfour Beatty for three design and build contracts totalling £57 million. These are The Priory Witham Academy, The Priory City of Lincoln Academy and The Priory Academy LSST. The fast-track nature of this project means that the first phase of The Priory Witham Academy will be handed over and ready for occupation in September 2010.

Commenting on the awards, Balfour Beatty Chief Executive, Ian Tyler, said:

'We are delighted to have been selected to build new accommodation for students in Exeter and to provide state-of-the-art academies in Lincolnshire, adding to our extensive work in the education sector.'

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Analyst/media enquiries:

Duncan Murray

Balfour Beatty plc

Tel [phone]

www.balfourbeatty.com

Notes to Editors:

1.	Balfour Beatty has existing construction contracts totalling £900 million for schools and academies schemes in Hackney, Haringey, Greenwich, Stoke-on-Trent, Manchester, Liverpool and West Sussex.
2.	Balfour Beatty has nine PPP concessions in the education sector: three in the UK under the Building Schools for the Future (BSF) programme in Southwark, Islington and Knowsley; five in the UK under earlier PPP models at Stoke, Bassetlaw, Rotherham, Birmingham and North Lanarkshire; and one in Singapore, the Institute of Technical Education, College West.   These programmes involve the construction of approximately 100 new schools and learning centres and upgrading and maintaining well over 100 others. Balfour Beatty has approximately £60 million of committed equity in the sector.
3.	The National Academies Framework is a procurement framework for the design and build of academies and is managed by Partnership for Schools (PfS). PfS support local authorities in their role as contracting authority, providing them with national programme management, support for their local educational vision and strategy.
4.	Balfour Beatty is a world-class engineering, construction, services and investment business, well-positioned in infrastructure markets which offer significant long-term growth. We work in partnership with sophisticated customers who value the highest levels of quality, safety and technical expertise. Our skills are applied in appropriate combinations to meet individual customer needs.

 

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