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| Balfour Beatty to transform schools in Knowsley Balfour Beatty announces that its specialist education PPP concession company, Transform Schools, has been appointed preferred bidder by Knowsley Metropolitan Borough Council on Merseyside for the £157 million PPP concession to construct seven new learning centres under the Building Schools for the Future (BSF) programme. The concession which is for 25 years is anticipated to reach financial close in the spring of 2007. It will provide seven state-of-the-art learning centres which will replace all of the Borough's existing secondary schools over a 3-year period. Construction and building services work under the contract will be carried out by Balfour Beatty Construction and Balfour Kilpatrick. The maintenance of the schools will be undertaken by Haden Building Management, also a subsidiary of Balfour Beatty. Balfour Beatty will invest £19 million of equity in the project which will bring its overall equity commitment to the education sector up to almost £50 million. write your comments about the article :: © 2006 Construction News :: home page |