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| Carillion JV achieves financial close on contract valued at £175m British support services and construction firm Carillion and its joint venture partners, The Local Education Partnership (LEP), have achieved financial close on the £175 million South Tyneside and Gateshead Building Schools for the Future (BSF) programme. The LEP will deliver 14 secondary schools in the current wave of the BSF programme, with a total area of approximately 100,000 square metres. This wave of the programme will also include the provision of healthcare facilities. As well as investing some £2 million of equity in the project, Carillion will carry out the construction work in three phases over four years, starting in January 2008 with all schools open to pupils by January 2012. write your comments about the article :: © 2008 Construction News :: home page |