Southwark Schools BSF gets the go ahead
20 May 2009
Transform Schools, which manages Balfour Beatty Capital’s schools schemes, has reached financial close for the £200m Southwark Schools for the Future secondary programme.
The project involves the delivery of a major capital investment programme over three phases covering 12 schools across the Borough. Transform Schools was appointed selected bidder in November 2008. All construction and facilities management will be carried out by Balfour Beatty. ICT services across all the schools within the programme will be delivered in conjunction with RM, the leading supplier of ICT solutions to the UK education sector and to the BSF programme.
The project has secured funding under the Department for Children, Schools and Families’ Low Carbon Schools scheme and will incorporate a number of renewable energy technologies to achieve a reduction in carbon dioxide in use in excess of 60 percent.
New schools in Southwark in the first phase are scheduled to open in September 2010 and January 2011.
Balfour Beatty has nine PPP concessions in the education sector, three under the Building Schools for the Future (BSF) programme at Southwark, Islington and Knowsley, five in the UK under the previous PPP model at Stoke, Bassetlaw, Rotherham, Birmingham and North Lanarkshire and one in Singapore.
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.
Balfour Beatty companies are construction partners in a number of other PPP schools schemes including the BSF schemes in Hackney, Haringey and Greenwich with a total contract value of over £220 million and is a framework contactor providing construction services to both the £180 million scheme for Manchester City Council and the £100 million scheme in Liverpool.
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