THE UK public private partnerships business, Catalyst Lend Lease, has achieved financial close with Birmingham City Council on the first phase of the Building Schools for the Future project worth £180 million ($A353 million).
The Birmingham BSF project is part of a UK Government initiative to provide a new generation of sustainable secondary schools throughout England, and will be delivered via a 15-year public private partnership agreement. The project involves the transformation of many secondary schools and other related community facilities across Birmingham that will accommodate over 150,000 students.
Construction of the first schools is currently underway and design development is also well underway on 14 more schools which are due to open in 2012.
Australian Property Journal
