The Financial Times (November 7, p1) reported that Westminster City Council is to go ahead with a controversial£32...
The Financial Times (November 7, p1) reported that Westminster City Council is to go ahead with a controversial£32m private finance initiative to rebuild Pimlico School.
The comprehensive school is to be demolished early next year, subject to a planning application to be submitted this month.
Under the terms of the project, a consortium called St George's Square
Partnership (which includes Costain Engineering and Construction, Kier, Tilbury Douglas and Berkeley Homes) will also be allowed to build and own a£20m block of 160 luxury apartments on the school property.
The paper said that the deal - which is only the second single school PFI deal to be reported - could trigger a revival of government proposals for injecting private sector cash into state schools.