A consortium of Austrian construction company Granit and Finland's Caverion has signed a contract for a university campus PPP project in northeast Austria. 

Caverion has signed a contract for a life-cycle project for the University of Applied Sciences in St. Pölten, Austria, together with the construction company Granit. The work will include the extension and modernization of the existing campus, followed by a maintenance agreement over the next 25 years. The contract is worth approximately EUR32 million (US$36.37 million) to Caverion.  

Caverion’s work will consist of the design, project management and execution of technical solutions, including Heating and Sanitation, Ventilation & Air Conditioning, Electricity, and Automation. Further to completion of the project in 2021, Caverion will take over the Managed Services and Technical Maintenance of the property for the next 25 years, with the main aim of providing a professional implementation of all facility services to ensure a safe, functional, economically sustainable, energy-efficient and user-oriented operation for the new university campus. Granit will be responsible for the project construction work.

Currently, the University of Applied Sciences is home to more than 3,200 students, 350 full-time employees, and approximately 800 part-time lecturers. After project completion, the campus will have grown by 14,600 sq.m to create a total of 33,000 sq.mq. of study space.