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| Hochtief to finance, build and service seven schools in Scotland Hochtief PPP Solutions (UK) Ltd., on behalf of East Ayrshire Council in southwest Scotland will finance and build seven schools on four sites for the Council and operate them for a period of 30 years on the basis of a public-private partnership (PPP) contract. The project represents a contract volume of some GBP 329 million (EUR 486 million). Hochtief PPP Solutions holds a 50-percent share in the project company. Hochtief's partners are Norddeutsche Landesbank, London (30 percent), and PFI Infrastructure Finance Ltd. (20 percent). A total of about GBP 74 million (EUR 110 million) will be invested in the construction measures which will be carried out by the local Scottish company Barr Ltd. and by McLaughlin & Harvey Ltd. from Northern Ireland. write your comments about the article :: © 2006 Construction News :: home page |