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Contractor appointed to £120 million Yorkshire schools project

Laing O’Rourke has reportedly won a £120 million batch of privately-financed schools in Yorkshire.

Building.co.uk has reported that Laing O’Rourke has beaten Bam Construction and Morgan Sindall to the batch of Pf2 schools, which is the fourth privately-financed batch to come to market through the Priority Schools Building Programme (PSBP).

The batch comprises seven schools and is worth up to £120 million.

The schools to be developed include two in Huddersfield, three in Bradford, Bradford, Harrogate High School, and Oakbank School, Keighley.

Laing O’Rourke will design, build, finance and maintain the schools under the government’s new private finance model (Pf2), which will use an organisation to provide debt funding for all of the privately-financed schools batches, rather than each batch having to secure its own funding.

The Education Funding Agency adopted the aggregator model after it had struggled to raise long-term debt funding for its Pf2 programme.

This was posted in Bdaily's Members' News section by Clare Burnett .