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ENFIELD AND NEWHAM JOIN UP

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Enfield LBC and Newham LBC are teaming up for a joint schools private finance initiative deal worth more than£66m ...
Enfield LBC and Newham LBC are teaming up for a joint schools private finance initiative deal worth more than £66m after appointing Equion as preferred bidder.

The councils, which have different decision-making processes, have come up with an ambitious programme to build and refurbish schools.

Equion is an investment company which specialises in PFI and other public/private partnership projects and formulated its bid along with construction company Wates.

Despite growing criticism of PFI from unions, the councils are determined the contract will succeed.

A spokeswoman for Newham LBC said: 'We follow government guidelines for contractual issues and as many safety mechanisms as possible are put in place to comply with those guidelines.'
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