The Doncaster Schools PFI project reached financial close today.

Norwest Holst, a subsidiary of Vinci Plc, was appointed preferred bidder on the £45m Doncaster Schools PFI scheme. The project, co-sponsored by Barclays Private Equity, involves the construction and maintenance of two secondary schools, Mexborough and Edlington.

Each of the schools is expected to accommodate around 1,300 pupils. Edlington will specialise in business studies, while Mexborough will concentrate on the sciences. The present schools will be demolished by the winning consortium, with the land used for car parking and access roads. In line with new government stipulations, the maintain and operate concession will run for no more than 25 years.

Barclays Bank is providing the senior financing for this project in the amount of £48.7m. Following legal and financial close, the 19 month construction period for both schools will begin this month, with completion anticipated in November 2008. The schools will be fully operational in the second half of 2008-2009. Norwest Holst overcame intense competition from Yorkshire Education Solutions (Shepherd/ BDP) and Pyramid Group (Interserve) when bidding for this project.

Operis reviewed the financial model and provided tax and accounting advice on behalf of Barclays Bank, Barclays European Infrastructure and Vinci Investments.

 

Share now

CONTACT US

Please get in touch with either of our regional offices.

https://www.operis.com/wp-content/uploads/2021/01/Erwan-Fournis-500x500.png
Erwan Fournis
Global Head of Financial Advisory

+44 207 562 0444

[javascript protected email address]
https://www.operis.com/wp-content/uploads/2021/05/Carmen-Wade-500x500.jpg
Carmen Wade
Financial Advisory, Head of North America

+1 647 243 3840

[javascript protected email address]
https://www.operis.com/wp-content/uploads/2021/03/Jun-Tao-500x500.png
Jun Tao
Global Head of Model Audit & Financial Modelling

+44 207 562 0428

[javascript protected email address]
https://www.operis.com/wp-content/uploads/2021/04/Mark-Southall-500x500.png
Mark Southall
Associate Director - Model Audit & Financial Modelling

+1 647 846 7384

[javascript protected email address]
https://www.operis.com/wp-content/uploads/2021/05/Philip-Allen-500x500.jpg
Philip Allen
Head of Training [javascript protected email address]

Operis Europe

View Google Map
+44 207 562 0400
[javascript protected email address]

Operis North America

View Google Map
+1 647 846 7382
[javascript protected email address]

CONTACT US

Discuss your requirements with us

https://www.operis.com/wp-content/uploads/2021/01/Erwan-Fournis-500x500.png
Erwan Fournis
Global Head of Financial Advisory

+44 207 562 0444

[javascript protected email address]
https://www.operis.com/wp-content/uploads/2021/03/Chirs-Aldred-500x500.png
Chris Aldred
Director

+44 207 562 0433

[javascript protected email address]
Name(Required)
Consent(Required)
This field is for validation purposes and should be left unchanged.