Consortium reaches financial close on £76m schools PPP

A consortium comprising of Cyril Sweett, Carillion & HBOS has reached financial close on the 30-year, £76m South Ayrshire PPP schools scheme.

Under the contract the consortium will design, construct, finance and operate three new primary schools at Barassie, Alloway and Monkton.

The first school will be delivered by the end of the year, with all schools being completed by the end of 2008.