Essex County three schools to be designed by Skanska

For developing, constructing and maintaining three schools for Essex County Council, in the UK, Skanska was selected through a bidder contract. Skanska is to assume the responsibility for the financing, design and construction of the new schools, as well as the maintenance of the schools for a total of 26 years commencing in 2011, as a part public private partnerships, PFI (Private Finance Initiative) for the project will be conducted within the UK programme.

Skanska Infrastructure Development's investment is estimated to amount to approximately GBP 6 M, about SEK 70 M, corresponding to a majority holding in the consortium that is responsible for the project. The consortium also includes RM plc, which is responsible for the schools' information and communications systems. RM plc is an international provider of education solutions and the UK's leading provider of ICT software, systems and infrastructure for schools. Financial close for this contract, including the completion of negotiations and financing, is expected during 2010.