Balfour reaches financial close on £127m Notts schools PFI

Balfour Beatty has today (Wednesday) reached financial close on its £127m, 25-year schools PFI for Nottinghamshire County Council.

As part of concession company Transform Schools Balfour will be responsible for the construction of four new secondary schools, a new special school and two new centres for post-16 education in Retford and Worksop and a new secondary school in Tuxford.

It will also create two new leisure centres for Bassetlaw District Council.

Phased completion of the new facilities is scheduled for 2006 and 2007.