Falkirk to take ownership of USD366.77 million high school PPP projects in Scotland
Falkirk Council in Scotland has announced the possible ownership transfer of the five high schools developed under a public-private partnership (PPP) contract in Falkirk, Scotland, UK.
The concessionaire for the project Class 98 limited had completed the construction works for the schools in August 2000 and has been in charge of management, operation and maintenance of Bo'ness Academy, Braes High School, Graeme High School, Larbert High School and Old Carrongrange School.
The 25-year long concession contract for the schools is coming to an end on August 1, 2025 and the council is considering whether to take the ownership back or issue an extension of the current contract. The council has until August 1, 2022 to make the decision about the transfer of the asset. Approximately GBP300 million (US$366.77 million) has already been invested in schools.
Country news
-
-
June 03, 2022
Preferred bidder selected for USD1.6 billion Road PPP contract in UK
National Highways in the United Kingdom (UK) has chosen MORE JV consortium as the preferred bidder for the A303 Amesbury to Berwick Down scheme past Stonehenge.
Read more -
May 09, 2022
Shortlist announced for USD3.33 billion road network PFI project in UK
Birmingham Highways Limited (BHL) has announced a shortlist of 2 prequalified firms for the operation and maintenance of road network PFI project in Birmingham.
Read more -
April 28, 2022
Tender issued for USD182.24 million Mixed-use PPP project in UK
Royal Borough of Kensington & Chelsea in London, UK has launched a tender notice for a mixed-use development to include residential and employment floorspace at Lots Road south site.
Read more -
April 25, 2022
Consultants to be appointed for USD750.11 million Tram network PPP project in UK
Nottingham city council in the UK is mulling to appoint a consultant to provide commercial advice for the tram network in the city.
Read more -
April 01, 2022
Tender launched for multimillion Extra care PPP project in UK
The South Tyneside Council has launched the tender seeking private partner for the development of 3 Extra Care schemes located across South Tyneside.
Read more
