INFRASTRUCTURE group Balfour Beatty finalised two school construction projects yesterday in a deal due to net them £106m.
Balfour will work for Ealing and Oldham councils to deliver two brand new secondary schools under public private partnership (PPP) contracts and refurbish two other schools.
The company will invest equity of up to £6.3m in the two 25-year concessions as part of the PPP deal, and work on the schools will begin in early 2011.
Balfour Beatty chief executive Ian Tyler said: “We look forward to delivering these first-class learning environments for the pupils and their teachers while demonstrating our commitment to the local communities through an employment and skills pledge that will leave a lasting skills legacy.”
Balfour has construction contracts with education authorities worth nearly £800m through PPP.