Carillion Plc Regulatory News (CLLN)

3 Apr 2008 07:00

Carillion PLC03 April 2008 3 April 2008 Carillion joint venture selected as preferred bidder on Tameside Building Schools for the Future PPP contract valued at £300 million Carillion and its joint venture partners, The Local Education Partnership (LEP),have been appointed as the preferred bidder for the £300 million TamesideBuilding Schools for the Future (BSF) programme. The LEP will initially deliver twelve secondary and special schools, valued at£220 million in the current wave of the BSF programme. Construction work willbegin in mid 2008 and will be completed by the end of 2010. Carillion will carry out the construction work, valued at £165 million, and willalso provide facilities management services for three of the new schools overthe 25-year concession contracts, worth approximately £55 million. Carillionshall be investing approximately £3.25m of equity in the project. The LEP will also deliver further new schools for Tameside Metropolitan BoroughCouncil in subsequent waves of the BSF programme, to a total value of £300million, and may deliver other community and regeneration projects, subject toreceiving the necessary approvals. Commenting, Carillion chief executive, John McDonough, said: "We are delightedto have been selected as preferred bidder on our third major project under theBSF programme, which is a strong growth area for Carillion. I am particularlypleased that our proposals for this programme align closely with TamesideMetropolitan Borough Council's vision to provide transformational learning thatraises the aspirations and expectations of the people of Tameside." Councillor Roy Oldham, Executive Leader of Tameside Metropolitan Borough Councilsaid: "This project represents the best opportunity to invest in our schools ingenerations. Not only will it transform buildings, it will also enable us toimprove the educational attainment for young people, providing them with moreopportunities to access education, training and employment." - Ends - Notes to editors The Local Education Partnership comprises Tameside Metropolitan Borough Council,Partnerships for Schools and Carillion. Tameside Metropolitan Borough Counciland Partnerships for Schools will each provide 10% of the equity, with theremainder being provided by Carillion. The Tameside Building Schools for the Future programme forms part of theGovernment's £5bn spend per annum on the refurbishment / renewal of schools. Tameside is located to the East of Manchester with its administrative centre inAshton under Lyne. Tameside has been recognised as an 'excellent council' and'best achieving council of the year' in recent awards. Carillion plc is one of the UK's leading support services, Public PrivatePartnership project and construction companies. The Group has annual revenue ofover £5bn, employs around 50,000 people and operates across the UK, in theMiddle East, Canada and the Caribbean. In the UK, Carillion's principal market sectors are Defence, Education, Health,Building, Facilities Management and Services, Roads, Utilities Services, Railand Civil Engineering. The Group is a leader in Public Private Partnership projects, particularly inthe Defence, Education and Health sectors in the UK and in the Health sector inCanada. In the Middle East, the Group's principal market sectors are Construction andFacilities Management. In Canada and the Caribbean, the Group's main sectors areHealth, Roads Maintenance and Construction. Carillion's education portfolio includes Leeds, Renfrewshire and South Ayrshireschools and BSF projects for Nottingham City Council and South Tyneside andGateshead Councils. This and other news releases relating to the Group can be found atwww.carillionplc.com. For further information on Carillion:John Denning, Director Group Corporate Affairs, Carillion plc 01902 316426 This information is provided by RNS The company news service from the London Stock Exchange