CONSULTANT ALLOTT & Lomax this week won the contract to project manage the procurement of one of Britain's biggest overseas private finance initiative projects.
The firm will advise the Ministry of Defence on the technical and financial aspects of bids for the scheme to redevelop military barracks in Cyprus.
The barracks are at the Army's Sovereign Base Area and house 2,300 families and 1,500 single soldiers.
The capital cost of upgrading the accommodation will depend on how many buildings are demolished and how many are renovated. It is expected that the project will cost the Government around £1bn over a 25 year PFI concession.
Around 250 potential bidders are expected to be briefed by the procurement team at a presentation on 2 November in Limassol.