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| Skanska receives contract worth GBP 120 million in Bristol Skanska has reached financial close for the financing, design, construction and operation of four schools under the UK Government's program for Public Private Partnerships (PPP), Private Finance Initiative (PFI), in Bristol. For Skanska, this means receiving a construction contract worth around GBP 120 million, about SEK 1.6 billion, which is to be included in order bookings for the second quarter of 2006. Preparatory work is underway and the first schools will be completed for the start of the new academic year in September 2007 and with all schools being completed by December 2008. The project also includes integration of IT learning aids at an existing Bristol school. The British Government has appointed Bristol to pioneer the "Building Schools for the Future" (BSF) initiative. The Bristol schools project is the first within the BSF framework for the upgrading of compulsorylevel and upper-secondary schools in the United Kingdom. School projects totaling approximately GBP 2.2 billion, about SEK 30 billion, annually are planned for the next 10-15 years. write your comments about the article :: © 2006 Construction News :: home page |