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| Two new PFI projects for Balfour Beatty in Birmingham Balfour Beatty, the international engineering, construction and services group, has reached financial close on its Birmingham Schools PFI project, which has a capital value of £74 million. At the same time, the Sandwell Metropolitan Borough Council affordable housing scheme, in which Mansell will carry out £57 million of new build and refurbishment work in conjunction with Riverside Housing, has also reached financial close. In Birmingham, the 30-year schools project will provide a total of 12 new and refurbished schools, including two secondary schools, nine primary schools and one early years centre. Balfour Beatty is investing £4 million of equity in the project through its specialist vehicle, Transform Schools, which is a partnership with Innisfree. The construction work on the project will be carried out by Balfour Beatty Construction and Balfour Kilpatrick. write your comments about the article :: © 2006 Construction News :: home page |