Three preferred bidders have been selected by North Lanarkshire Council to deliver roads, property and central heating maintenance over the next 10 years.
The contracts are worth £700m in total, and involve each private sector company entering into joint venture agreements, with the council owning 33% of each joint venture company.
The three successful bidders are:
- Morrison Facilities Services for property;
- Amey for roads maintenance; and
- ALH86 for central heating.
The incumbent joint venture companies were set up in 2000 and delivered a net profit of nearly £7.5m this year, according to the council.
Deputy leader councillor Jim Smith said: "We are delighted to move forward with our new joint ventures. When we originally set these up 10 years ago we did not expect the levels of growth that our current joint ventures delivered but the fact that they have consistently exceeded both operational and financial targets is terrific news for everyone.
"However, these businesses are about more than money. Our residents expect quality services and the new joint ventures will be a way to continue to deliver that. Just as important, though, is what these companies can deliver for North Lanarkshire in terms of training, employment and investment in the local economy and I am confident that we will see real, lasting benefits in all these areas."