Galliford Try plc, through its Morrison Construction business, has achieved financial close for the Anderson High School PPP project in North Scotland.

The £55.75 million (US$86.8 million) hub North Scotland contract for the Shetland Islands Council to build the project involves the design, build, finance and maintain (DBFM) the new facilities during the contract period.

The new Anderson High School, which is a 'like for like' replacement for the current school, will cost £42.01 million. The new Halls of Residence will cost £13.74 million. Two thirds of the funding for these will come from the Scottish Government, through SFT. Additional works at Clickimin Leisure Centre will cost around £3 million and will be principally funded by the Shetland Islands Council (SIC).

Morrison Construction will carry out the construction of the new four-storey high school for up to 1,180 pupils and the three-storey 100-bed residential block and associated infrastructure works. The project is scheduled to be completed by late summer 2017.

Galliford Try Executive Chairman, Greg Fitzgerald stated:

"The new Anderson High School represents a significant investment by the Shetland Islands Council on behalf of the community it serves and we are delighted to be working with it to provide a facility the people of Shetland can be proud of."

"This latest contract complements our growing portfolio of construction projects for the education sector and through working closely with all stakeholders, we will deliver a building with first-class facilities which will greatly benefit the local community and enhance the facilities for education in the region."