It will act as builder in the contract to build, maintain and finance schools in Bradford, awarded to a consortium including Amey, which is worth 400 million pounds
The consortium headed by Amey, Ferrovial's UK services subsidiary, has been awarded a contract to build, refurbish, finance, operate and maintain all the schools in Bradford, Yorkshire (north of England). The 30-year contract, under the PFI (Private Finance Initiative) formula, is worth 400 million pounds sterling.
The contract strengthens Amey's position in the education segment and is Ferrovial's first construction project in England. All the refurbishment and new construction work will be conducted by a joint venture between Ferrovial Agromán and Costain, one of the UK's leading construction companies.
Bradford's "Building Schools for the Future" (BSF) programme will take place in five phases: the first phase involves building three secondary schools (Tong School, Salt Grammar School and Buttershaw High School), to be completed by 2008. The following four phases involve building another 12 schools and refurbishing the rest of Bradford's schools.
Amey will take charge of maintaining and operating the schools once they are built: comprehensive maintenance, cleaning, gardening and security.
Consolidation in the education segment
Amey is one of the leading UK companies in the field of education-related PFI and PPP (Public Private Partnership). It also has contracts to manage and service schools in Renfrewshire, Scotland (32 years, 140 million pounds), schools in Waltham Forest (London) and contracts to manage and service in Edinburgh and Glasgow.
The Bradford contract is part of the BSF (Building Schools for the Future) initiative developed by the UK government, the largest school investment programme in the last 50 years. The programme seeks to totally renovate secondary schools in England and Wales within 15 years to adapt to the educational needs of the 21st century.