Business
Joint Venture
Joint Venture.
About this update from Morgan Sindall Group Plc
[{"type":"text","content":"\n Morgan Sindall PLC\n10 July 2007\n\nMorgan Sindall plc\n\nMorgan Sindall JV awarded Dorset Emergency Services Partnership Initiative PFI\n\nConstruction and urban regeneration group Morgan Sindall plc announces that as\npart of the Partnership for Fire Limited (Pff), a joint venture between Morgan\nSindall Investments, Calderpeel Carden Croft and Barclays European\nInfrastructure Fund, it has achieved financial close on the Dorset Emergency\nServices Partnership Initiative (DESPI) PFI project.\n\nPff has signed a 25 year project agreement with Dorset Fire Authority and Dorset\nPolice Authority to design, build, finance and operate a number of new fire and\nemergency services facilities in Dorset. Pff will provide two new fire stations\nand a new joint police divisional and fire area headquarters in Poole and a\nsecond fire service area headquarters in Dorchester. Bluestone (soon to be\nrenamed Morgan Ashurst), Morgan Sindall's construction business, will design and\nbuild these new facilities with construction of the accommodation due to start\nimmediately. The anticipated value of construction works is approximately £46\nmillion over two years.\n\nPaul Smith, Morgan Sindall's Group Chief Executive said:\n\n'Morgan Sindall is delighted to enter into this strategic partnership with the\nDorset Fire and Police Authorities. The DESPI project strengthens our position\nin the emergency services accommodation market and demonstrates our long term\ncommitment to the sector.'\n\n 10 July 2007\n\n\n\nEnquiries:\nMorgan Sindall plc Tel: 020 7307 9200\nPaul Smith, Chief Executive\nDavid Mulligan, Finance Director\nCollege Hill Tel: 020 7457 2020\nMatthew Smallwood\n\n\n\nNOTES TO EDITORS\n\nBluestone is a member of Morgan Sindall plc, the construction and urban\nregeneration group, which has four specialist divisions of fit-out,\nconstruction, infrastructure services and affordable housing.\n\n\n\nThrough a network of local offices in England and Wales, Bluestone provides\nconsistent high quality construction services to private and public sector\nclients. The company's sector expertise is in education, healthcare, industrial,\ncommercial and retail construction where it undertakes new build and\nrefurbishment projects under a variety of procurement routes. Bluestone also\ncarries out maintenance projects through its special works team...