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RNS Number : 9330X

Carillion PLC

25 August 2009

 



25 August 2009

Carillion joint venture selected as preferred bidder for Rochdale Building Schools for the Future programme, worth approximately £192 million  

Carillion and its joint venture partners in the Local Education Partnership (LEP), have been appointed as the preferred bidder for the Rochdale Building Schools for the Future (BSF) programme, part of the UK Government's £55 billion BSF programme. 

The LEP, comprising Rochdale Borough Council, Building Schools for the Future Investments LLP (BSFI) and Carillion, expects to deliver 13 new or refurbished schools in three phases over a 4-year period.  

Carillion expects to carryout the building and refurbishment work for which the capital cost is approximately £180 million, with work due to start in January 2010.  Four of the thirteen schools are expected to be privately financed by a combination of borrowing and equity. One of these, Hollingworth School, is to be delivered in the first phase, in which Carillion expects to invest some £2.4 million of equity.  Carillion also expects to invest equity in the other three privately financed schools. In addition, Carillion expects to provide facilities management services for all four privately financed schools, generating approximately £12 million of revenue over a 25-year concession period. 

Commenting, Carillion chief executive, John McDonough, said: 'We are delighted to have been appointed as preferred bidder for this major programme and look forward to building a strong and successful relationship with Rochdale, its head teachers and their staff, to provide schools that will enable them to deliver a first-class learning experience for their students, as well as high-quality community facilities.  

'This latest success further consolidates Carillion's position as one of the UK's leading suppliers to the Government's £55 billion Building Schools for the Future programme and brings the total value of the BSF projects that we have won or for which we are preferred bidder to £1.4 billion, in addition to which we are shortlisted for a further three BSF projects worth some £2 billion'.

For further information 

John Denning, Director Group Corporate Affairs, Carillion plc [phone]

Notes to editors

Carillion is the UK's leading support services company with a substantial portfolio of Public Private Partnership projects and extensive construction capabilities.  The Group has annual revenue of over £5 billion, employs around 50,000 people and operates across the UK, in the Middle East, Canada and the Caribbean. 

In the UK, Carillion's principal market sectors are Defence, Education, Health, Facilities Management & Services, Rail, Roads, Building, Civil Engineering and Utilities Services.

In the Middle East, Carillion's principal market sectors are Construction and Facilities Management. In Canada and the Caribbean, the Group's main sectors are Health, Roads Maintenance and Construction.

Carillion's portfolio of equity investments in Public Private Partnership projects includes projects in the UK and Canada, particularly in the Defence, Education, Health and Transport sectors.

In the inaugural Sunday Times Best Green Companies Awards in May 2008, Carillion secured first place in the category for large and medium-sized companies with high environmental impact and second place overall.

This and other Carillion news releases can be found at www.carillionplc.com

 

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