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Balfour Beatty preferred bidder for £231M Derby school project

Balfour Beatty announces today that it has been appointed as preferred bidder by Derby City Council for their £231M Building Schools for the Future (BSF) programme.

This BSF Programme involves the design and new build or refurbishment of 14 schools in the city with funding for three schools to be raised through a Balfour Beatty led PPP concession. All construction and facilities management will be carried out by Balfour Beatty.

The initial phase of the scheme will begin in November of this year with the new build of Noel-Baker Community School and Language College and St Martins School, together with the major refurbishment of Derby Moor Community Sports College. All of these schools are scheduled to open for the new academic year in September 2012.

Upgrades and new builds of the other schools will commence once financial close has been achieved with all work to be completed for the new academic year in September 2014.

“We are delighted by this preferred bidder award and the opportunity to further strengthen our relationship with the City of Derby,” said Balfour Beatty chief executive Ian Tyler.

Balfour Beatty will invest equity of £6.6M into the 25-year concession to operate and maintain the school facilities and provide related services for the three PPP schools.

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