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Birse targets Scot water by joining B+B
00:00 16 Feb 1995
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Birse has joined forces with Bilfinger + Berger to bid for
privately funded water projects in the UK. The group will target
the Scottish water market through build, own, operate, transfer
(BOOT) and build, own, operate (BOO) schemes. They intend to use
Schroders as their financial adviser.
The water industry in Scotland is due to be reorganised from April 1996 with responsibility for the provision of water services passing to three new water authorities from the local and regional councils.
Birse Group chairman Peter Birse said: 'Over the next few years the Scottish water industry will need to spend in excess of œ500 million on capital schemes. We have the expertise to ensure this work can be achieved at a most economical rate for the consumer and without adding to the Government's borrowings.'
Bilfinger + Berger has been involved in funding and operating public service projects with a capital value up to œ200 million.
The water industry in Scotland is due to be reorganised from April 1996 with responsibility for the provision of water services passing to three new water authorities from the local and regional councils.
Birse Group chairman Peter Birse said: 'Over the next few years the Scottish water industry will need to spend in excess of œ500 million on capital schemes. We have the expertise to ensure this work can be achieved at a most economical rate for the consumer and without adding to the Government's borrowings.'
Bilfinger + Berger has been involved in funding and operating public service projects with a capital value up to œ200 million.
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