The Carillion Equitix consortium has been confirmed as the Selected Bidder for the Midlands Priority Schools Project.

This Project is the fifth and final private finance batch of phase 1 of the Priority Schools Building Programme in England and Carillion Equitix overcame competition from BAM PPP and Interserve / Kajima to secure Selected Bidder status.

Operis is financial advisor to the consortium and will continue to work with the consortium to secure an investment grade credit rating and senior debt funding from the Priority Schools aggregator vehicle. The consortium will now obtain full planning permission for each of the schools in the deal and is targeting August 2015 for Financial Close.

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