Morgan Sindall PLC
16 August 2007
Morgan Sindall plc
16 August 2007
Morgan Ashurst JV awarded £134m East Dunbartonshire Schools Project
Morgan Sindall plc, the construction and regeneration group, announces today
that Morgan Ashurst, its full service construction business, is set to start
work on a £134 million, public private partnership (PPP) scheme to design and
build six new secondary schools in East Dunbartonshire, Scotland. Morgan Ashurst
will be working with joint-venture partner, AMEC Building and Facilities
Services. The contract award is worth £100 million to Morgan Ashurst, and
follows financial close of a 30-year PPP led by InspirED, a consortium working
on behalf of East Dunbartonshire Council.
As the consortium's construction partner, Morgan Ashurst will design and build
six state-of-the-art secondary schools in Bearsden, Bishopbriggs, Kirkintilloch
and Milngavie. The new Morgan Sindall urban regeneration division, Muse
Developments, will develop the schools' surplus sites for mixed-use commercial
and residential accommodation.
Paul Smith, Chief Executive of Morgan Sindall plc, said:
'The award of this significant construction project reinforces Morgan Ashurst's
leading expertise in building schools for the future. I am also pleased that
Morgan Ashurst is working with our new business, Muse, on this project. This
underlines our very strong position in urban regeneration.'
The East Dunbartonshire schools PPP scheme is the fourth major education project
Morgan Ashurst has secured this year. The award follows the business being
recently appointed one of four contractors for a £200 million, four-year
building refurbishment and redevelopment scheme at the University of Reading as
well as being appointed as a framework contractor on the Liverpool Schools
Framework and the South Lanarkshire Primary Schools Framework.
- Ends -
ENQUIRIES:
Morgan Sindall plc Tel: 020 7307 9200
Paul Smith, Chief Executive
David Mulligan, Finance Director
Blythe Weigh Tel: 020 7138 3204
Tim Blythe Mobile: 07816 924626
Paul Weigh Mobile: 07989 129658
Editor's notes:
Morgan Sindall plc, the construction and regeneration group, operates through
five specialist divisions of affordable housing, construction, development, fit
out and infrastructure services.
This information is provided by RNS
The company news service from the London Stock Exchange