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| Carillion to build South Ayrshire schools Support services and construction company Carillion has achieved financial close on a contract with a capital value of £76 million to build six new Public Private Partnership (PPP) schools in South Ayrshire. Education 4 Ayrshire Ltd, a joint venture between Carillion plc (47.5%), Bank of Scotland Corporate (47.5%) and Cyril Sweett Holdings Limited (5%), will design, build and operate six new schools for South Ayrshire Council under the 32.5 year concession. Bank of Scotland Corporate will also be providing the debt facilities for the transaction. Carillion will invest some £3.2 million of equity in the project and also carry out the construction work, worth £76 million over the course of two and a half years. write your comments about the article :: © 2007 Construction News :: home page |