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Amec JV wins schools PPP project in Scotland

Amec plc, the international project management and services company, announces that an Amec-led joint venture has been appointed preferred bidder for the PPP contract to deliver six new secondary schools for East Dunbartonshire Council.

The 30-year concession has been awarded to InspirED, the Amec, John Laing and Innisfree joint venture which also recently reached financial close on the £319 million South Lanarkshire Council secondary schools PPP.

In addition to its equity investment of around £3.5 million, Amec will benefit from contracts to design and construct the schools, redevelop surplus land on five sites and provide estate management services over the concession period, with a total value over £125 million. Financial close is targeted for December 2006, with construction beginning immediately thereafter and full completion scheduled for mid-2009.



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