Newham Schools
London
Project Value - £22m
Project Sector - Education
About The Project
The project was the first of its kind to be bid with other authorities and includes facilities for pupils with physical, sensory, severe and multiple learning difficulties.
The consortium bid for the scheme as a single project and the public sector benefited from the economies of scale this approach offered. The consortium’s experience of working together and closing and delivering PFI projects, offered a major advantage to the project, as the contracts were signed just 25 weeks after selection as preferred bidder.
The concession will run for 27 years from financial close, ending on 31 August 2029.
About The Project
The project was the first of its kind to be bid with other authorities and includes facilities for pupils with physical, sensory, severe and multiple learning difficulties.
The consortium bid for the scheme as a single project and the public sector benefited from the economies of scale this approach offered. The consortium’s experience of working together and closing and delivering PFI projects, offered a major advantage to the project, as the contracts were signed just 25 weeks after selection as preferred bidder.
The concession will run for 27 years from financial close, ending on 31 August 2029.
Similar Projects
North Lanarkshire Schools
£360m
On 8 June 2005 a Project Agreement was entered into between North Lanarkshire Council and Transform Schools (North Lanarkshire) Ltd, for the construction, operation and finance of the North Lanarkshire Schools Project.
More Information
Sheffield Schools
£51m
The Sheffield Grouped Schools PFI Project's Special Purpose Company is Pyramid Schools (Sheffield) Ltd.
More Information
CLACTON SCHOOLS
£34m
The Clacton Schools project consists of 3 secondary schools (2 refurbished sites and 1 new build). The sites have a total pupil capacity of 1,633.
More Information