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.

Wolverhampton selects Carillion for 26 school BSF

04 February 2010

A Carillion-led Local Education Partnership (LEP) has been appointed as the preferred bidder for the £370m Wolverhampton Building Schools for the Future (BSF) programme.

The Wolverhampton LEP, comprising Wolverhampton City Council, Building Schools for the Future Investments LLP (BSFI) and Carillion, will deliver 26 schools in four phases over the next four years.
The first phase of four schools comprises two secondary schools and two Special Educational Needs (SEN) schools with a combined capital cost of approximately £72m.
Two schools in the first phase will be privately financed by a combination of borrowing and equity. The LEP shareholders will contribute approximately £6.4m of equity, of which Carillion will provide some £5.1m. Carillion will also provide FM services for the two privately financed schools and these services are expected to generate approximately £24m of revenue for Carillion over the 25-year concession contract period.
The subsequent phases of the Wolverhampton BSF programme will deliver the remaining schools at an estimated capital cost of £300m, some of which will also be privately financed and in which Carillion expects to make further equity investments.This latest success means that Carillion has now secured, or been appointed as the preferred bidder for, BSF contracts worth around £1.7bn.
Commenting, Carillion chief executive, John McDonough, said: "This latest success further consolidates Carillion’s position as one of the UK’s leading suppliers to the Building Schools for the Future programme and brings the total value of the BSF projects that Carillion has secured or for which we are the preferred bidder to some £1.7bn. The major investment being made in Wolverhampton will provide the City with 26 outstanding new schools. We look forward to working with Wolverhampton City Council and its head teachers and their staff to provide the facilities they need to deliver a first class learning experience for students."


Contact Details and Archive...

Print this page | E-mail this page

https://www.asckey.com/
https://www.bona.com/en/
PFM
https://www.aspenpumps.com/en-gb


MOST VIEWED...

View more articles
Article image

Acquisition of Atalian and OCS announced by global investment business

Clayton, Dubilier & Rice (CD&R) has announced its intention to acquire FM businesses OCS Group and Atalian for an undisclosed sum....
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...
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...
Article image

Account Director finalists confirmed for PFM Awards

Three finalists have been confirmed to attend the final day of judging within the PFM Partnership Awards 2022 Account Director of the Year category....
Article image

Cleenol launches edencleen range

One of the UK’s longest established manufacturers and suppliers of quality cleaning and hyg...

Article image

YLOTY2018 winner comments on his success on the night

This year's PFM Awards Young Leader of the Year winner, Kristian Trend, gives his reaction winning the award after receiving his trophy on 7 November at Th...
https://www.ppspower.com/
https://www.floorbrite.co.uk/
https://www.neccontract.com/products/contracts/nec4/facilities-management-contract/bundle?utm_source=PFM+ads&utm_medium=website&utm_campaign=PFM+ads
https://www.pfmawards.co.uk/
https://flowscapesolutions.com/
https://www.uhubglobal.com/
https://www.aspenpumps.com/en-gb