This website uses cookies primarily for visitor analytics. Certain pages will ask you to fill in contact details to receive additional information. On these pages you have the option of having the site log your details for future visits. Indicating you want the site to remember your details will place a cookie on your device. To view our full cookie policy, please click here. You can also view it at any time by going to our Contact Us page.

Carillion wins BSF contracts in Durham and Rochdale

26 August 2009

BSF construction and FM contracts valued at £500m and £192m have been won by Carillion in Durham and Rochdale, respectively.

Durham BSF: Carillion and its JV partners in the Local Education Partnership (LEP), have achieved financial close on the £500m Durham Building Schools for the Future (BSF) programme. The LEP, comprising Durham County Council, Building Schools for the Future Investments LLP (BSFI) and Carillion, will deliver over 40 schools in four waves over the 10-year contract period.
The first wave of nine schools, which comprises seven secondary schools, one Special Educational Needs (SEN) school and one primary school, has a combined capital cost of approximately £110 million and will be completed by September 2012. Three schools in the first wave will be privately financed by a combination of borrowing and equity. Carillion will also provide facilities management services for the three privately financed schools, worth approximately £25m over the 25-year concession period.
The three subsequent waves of the Durham BSF programme will deliver the remaining schools with an estimated capital cost of £390 million.


Rochdale BSF: 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 under the Rochdale Building Schools for the Future programme, worth approximately £192m.
Carillion expects to carryout the building and refurbishment work for which the capital cost is approximately £180m, with work due to start in January 2010. Four of the 13 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 £2.4m 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 £12m of revenue over a 25-year concession period.
The total value of the BSF contracts Carillion has won to date to £1.2bn and it is shortlisted for further BSF contracts worth approximately £2.25bn.


Contact Details and Archive...

Print this page | E-mail this page

http://www.fsifm.com
PFM


MOST VIEWED...

View more articles
Article image

Prevention better than cure where compliancy and PPM is concerned

Industry experts give their response to the question of whether compliance with legislation should be a focus of maintenance procedures....
Article image

Why the Law Says You Need a Nappy Bin Disposal Service

At home, parents are used to disposing of their babies’ used nappies the same way they do any other domestic waste - bagging it up and sticking it in the r...

Benchmarking maintenance

BSRIA has just published this year's operation and maintenance benchmarking report as a guide for building operators to evaluate their performance against ...
Article image

Court action against MoJ after "unfair" contract award

According to The Times, the Ministry of Justice (MoJ) is being sued by Mitie, following claims that it lost out on...
Article image

Altruistic approach opens doors for sharing and gaining knowledge

Leading by example is said to be one of the most effective ways to encourage others to adopt the type of behaviours desired by any organisation and this me...
Article image

Making the Leadenhall Building fit for purpose

Firmly established as one of the most notable buildings in the City of London, the Leadenhall Building (informally known as the cheesegrater) provides a st...