John Laing's PFI projects "in line with expectations"

Building contractor John Laing continues to make “excellent” progress, shareholders will be told by chairman Bill Forrester at today’s (Thursday) AGM.

The PFI specialist said performance in its operational PFI/PPP projects is in line with expectations, with six projects expected to reach financial close in 2005 on top of the four already completed.

The group currently has 46 such projects in its portfolio, 10 more than at the same period last year, the statement said.

Forrester added: “The opportunities for Laing to extend its portfolio of investments continue to grow in both the UK and Europe.

“Given the strong growth in our markets and the continuing development of the company's pipeline, we look forward to the future with confidence."