Construction giant Carillion is set to carry out work at a host of Birmingham schools after being named the selected bidder for a public private partnership scheme.
The Wolverhampton-based support services firm will deliver the Midlands Private Finance Batch under the Priority School Building Programme.
The news comes just days after the firm announced it was about to start work on expanding Liverpool FC’s Anfield Stadium .
The scheme aims to renew those parts of the schools estate in England that have been prioritised for replacement or upgrading and will see Carillion, which has recently been in merger talks , carry out work at schools across the region.
* ARK Kings Academy, Birmingham
* Greenwood Academy, Birmingham
* Plantsbrook School, Birmingham
* President Kennedy School, Coventry
* The Phoenix Collegiate, Sandwell
* The Queen Elizabeth Academy, Warwickshire
A Joint Venture comprising Carillion and Equitix will finance, design, build and provide hard facilities management for a total of eight schools including two in the East Midlands.
This programme forms part of the Government’s £750 million Priority School Building Programme.
Carillion expects to invest up to approximately £9 million of equity in the project from which we also expect to generate construction and services revenues of approximately £190 million over the life of the 27-year construction and concession contract.
Carillion chief executive Richard Howson said: “Carillion is a market leader in the education sector having delivered around 180 new schools and academies through a combination of privately and publicly financed projects and we look forward to working closely with the Education Funding Agency and the schools to create excellent facilities for pupils and staff.
“This is the second major PPP project in the UK for which we have been selected as the preferred bidder this year, following our success in being selected for the Aberdeen Western Peripheral Route in which we will invest some £20 million of equity and from which we expect to generate around £175 million of construction revenue.”
Carillion, which also carried out work on the Library of Birmingham, has a huge portfolio of public private partnership projects.
The group had annual revenue in 2013 of some £4.1 billion, employs around 40,000 people and operates across the UK, in the Middle East and Canada.