Joint Venture

10 Jul 2007 15:07

Morgan Sindall PLC10 July 2007 Morgan Sindall plc Morgan Sindall JV awarded Dorset Emergency Services Partnership Initiative PFI Construction and urban regeneration group Morgan Sindall plc announces that aspart of the Partnership for Fire Limited (Pff), a joint venture between MorganSindall Investments, Calderpeel Carden Croft and Barclays EuropeanInfrastructure Fund, it has achieved financial close on the Dorset EmergencyServices Partnership Initiative (DESPI) PFI project. Pff has signed a 25 year project agreement with Dorset Fire Authority and DorsetPolice Authority to design, build, finance and operate a number of new fire andemergency services facilities in Dorset. Pff will provide two new fire stationsand a new joint police divisional and fire area headquarters in Poole and asecond fire service area headquarters in Dorchester. Bluestone (soon to berenamed Morgan Ashurst), Morgan Sindall's construction business, will design andbuild these new facilities with construction of the accommodation due to startimmediately. The anticipated value of construction works is approximately £46million over two years. Paul Smith, Morgan Sindall's Group Chief Executive said: "Morgan Sindall is delighted to enter into this strategic partnership with theDorset Fire and Police Authorities. The DESPI project strengthens our positionin the emergency services accommodation market and demonstrates our long termcommitment to the sector." 10 July 2007 Enquiries:Morgan Sindall plc Tel: 020 7307 9200Paul Smith, Chief ExecutiveDavid Mulligan, Finance DirectorCollege Hill Tel: 020 7457 2020Matthew Smallwood NOTES TO EDITORS Bluestone is a member of Morgan Sindall plc, the construction and urbanregeneration group, which has four specialist divisions of fit-out,construction, infrastructure services and affordable housing. Through a network of local offices in England and Wales, Bluestone providesconsistent high quality construction services to private and public sectorclients. The company's sector expertise is in education, healthcare, industrial,commercial and retail construction where it undertakes new build andrefurbishment projects under a variety of procurement routes. Bluestone alsocarries out maintenance projects through its special works team. This information is provided by RNS The company news service from the London Stock Exchange