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| Gammon Capital reaches financial close for PPP project in Singapore British construction and engineering group Balfour Beatty announced that Gammon Capital, its PPP vehicle in South East Asia, has reached financial close for the new Institute of Technical Education (ITE) College West, the first accommodation based PPP in Singapore. The project, Gammon's first in PPP, which has a contract period of 27 years and a capital value of approximately £100 million, is scheduled to be completed in 2010. Its first intake of students will be in July of that year. Construction will be undertaken by Gammon Construction, in which, like Gammon Capital, Balfour Beatty has a 50% interest. Gammon Capital will also be responsible for long-term facilities management services to include mechanical and electrical maintenance, AV support, cleaning, landscape management, security, parking, environment and waste management and catering. Its FM partner will be United Premas, a subsidiary of United Group Services. write your comments about the article :: © 2008 Construction News :: home page |