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Balfour beatty wins£200m Southwark BSF

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Southwark LBC has selected Balfour Beatty as its preferred bidder for its£200 million Building Schools for the Future programme.

Transform Schools, the construction and engineering giantís education Public Private Partnership (PPP) vehicle, will deliver the Southwark Schools for the Future programme.

The project involves the delivery of a major capital investment programme over three phases covering thirteen school projects across the inner city London borough.

Balfour Beatty chief executive Ian Tyler said: "This is Transform Schoolsí third full BSF project following our successes in Knowsley on Merseyside and in Islington. We look forward to utilising our experience in working on eight major PPP education projects in creating first-class new learning environments in Southwark."

Balfour Beattyís subsidiaries Balfour Beatty Construction and Balfour Kilpatrick will carry out the building work. The facilities management will be carried out by Haden Building Management, another Balfour Beatty subsidiary.

Transform Schools will also deliver ICT services across all the schools within the programme in conjunction with RM, a leading supplier of ICT solutions to the UK education sector and to the BSF programme.

The project has secured funding under the Department for Children, Schools and Families Low Carbon Schools scheme and will incorporate a number of renewable energy technologies to achieve a 60% plus reduction in carbon dioxide across the affected schools.

Financial close is scheduled for the second quarter of 2009 with the first new schools opening in September 2010 and 2011. Balfour Beatty will invest£6 million of equity in the programme.

Transform Schools has three further significant BSF bids currently under customer evaluation with several more such bids in early preparation.

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