Balfour Beatty have submitted their bid for the new Ayrshire College Campus PPP project in Kilmarnock. Ayrshire College was formed in August as a result of the merger of Ayr College, James Watt College and Kilmarnock College. The project involves the development of a new college campus in the Kilmarnock town centre on what was previously a Johnny Walker whiskey bottling plant and will provide facilities for over 5,000 students. Work on the campus is expect to commence in early 2014 and construction is forecast to be complete by the end of 2015.
The 25-year DBFM contract will be procured under Scotland’s non-profit distributing model which is characterised by capped private sector returns and the absence of dividend bearing equity.
Operis completed a model review of Balfour Beatty bid model prior to the recent bid submission.
Further information on Operis:
Operis is a leading advisor in project and infrastructure finance, renowned for its financial modelling and model auditing expertise and financial structuring advice. The firm has been mandated by the leading investment banks, infrastructure funds, bond arrangers and guarantor bodies around the world. This experience covers over 700 projects and other funded transactions worldwide.
Paul Myers – Managing Director
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