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| Balfour Beatty reaches financial close for £163 million project Balfour Beatty announces that its specialist education PPP concession company, Transform Schools, has reached financial close for the £163 million Knowsley Metropolitan Borough Council PPP concession to construct seven new learning centres under the Building Schools for the Future (BSF) programme. The concession, which is for 25 years, will provide seven state-of-the-art learning centres which will replace all of the Borough's existing secondary schools over a three-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 £15.3 million of equity in the project which will bring its overall equity commitment to the education sector to almost £50 million. write your comments about the article :: © 2007 Construction News :: home page |