Re Agreement

27 Feb 2007 07:02

Galliford Try PLC27 February 2007 GALLIFORD TRY APPOINTED PREFERRED BIDDER ON £25 MILLION HOSPITAL PPP Galliford Try plc, the construction and housebuilding group, is pleased toannounce that the Morrison Consortium has been appointed preferred bidder by NHSFife for a £25 million Public Private Partnership (PPP) contract to build andoperate a new state of the art Community Hospital and Health Centre in StAndrews, Fife. The Morrison Consortium comprises Galliford Try Investments asequity partner, Morrison Construction, which is part of Galliford Try's buildingdivision, and Morrison Facilities Services. The facility, which will cover a total floor area of 10,700 square metres andalmost 7 acres of land, will bring together a range of services into one modernbuilding. It will include three GP practices, a 40 bed Diagnostic and TreatmentCentre, specialist palliative care and an improved day surgery unit. The equity investment in the project will be £2.3 million. Financial close isexpected in autumn 2007 and works will commence shortly afterwards. The hospitalis expected to open in March 2009. Greg Fitzgerald, Chief Executive of Galliford Try, said: "Galliford Try has a well-established presence in the PPP sector, a strong trackrecord in building healthcare facilities and is building up its investments inthese projects. We are looking forward to working with NHS Fife to deliver amodern, first class health centre for the community." Greg Fitzgerald, Chief Executive Galliford Try plc 01895 855219Frank Nelson, Finance Director Galliford Try plc 01895 855226Ann marie Wilkinson/Geoff Callow Bell Pottinger Corporate & Financial 020 7861 3232 This information is provided by RNS The company news service from the London Stock Exchange