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Interserve starts on PF2 schools contract

20 Mar 15 The Interserve Kajima joint venture partner has reached financial close on its £135m project to design and build seven secondary schools across Hertfordshire, Luton and Reading.

Reading Girls’ School
Reading Girls’ School

The contract is for one of the first batches of schools to be funded using the government’s new PF2 private finance model.

The scheme, which was procured under the priority school building programme, will create school space for almost 900 secondary aged pupils.

Interserve Kajima was appointed preferred bidder by the Education Funding Agency (EFA) in April 2014. It will be responsible for the design and construction of the schools as well as all maintenance services over 25-years. Capital value of the construction work is in excess of £135m.

Interserve executive director Dougie Sutherland said: “This is the 20th privately-financed education project in which the group has invested and underlines our support for the government’s investment in education. As well as providing some 900 new schools places for students in Hertfordshire, Luton and Reading, we will commit to take on more than 50 young people to work on the projects under NVQs, apprenticeships and work placements.”

The secondary schools included in this tranche are:

  • Bishop’s Hatfield Girls’ School, Hatfield
  • Goffs School, near Cheshunt
  • Kings Langley School, Kings Langley
  • Longdean School, Hemel Hempstead
  • Reading Girls’ School, Reading
  • Stopsley High School, Luton
  • Westfield Academy, Watford.

Construction started on all the schemes last month with the first due for completion in August 2016. All of the new schools are expected to be open by November 2016.

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MPU
MPU

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