International Public Partnership Ld Victorian New Schools PPP Preferred Bidder (8024X)
02 Setembro 2015 - 3:00AM
UK Regulatory
TIDMINPP
RNS Number : 8024X
International Public Partnership Ld
02 September 2015
2 September 2015
Learning Communities Victoria Consortium announced as Preferred
Bidder for Victorian New Schools PPP Project
International Public Partnerships Limited ('the Company',
'INPP'), the listed infrastructure investment company, is pleased
that the Learning Communities Victoria Consortium has been
appointed by the Victorian Department of Education and Training as
the preferred bidder to enter into exclusive negotiations to
design, build, finance and maintain the New Schools Public Private
Partnership Project ("the Project"). The Company will provide 100%
of the Project risk capital.
The Project comprises the delivery of 15 schools across 12
sites.
The Learning Communities Victoria Consortium is sponsored by
Amber Infrastructure and other consortium members include:
-- Watpac Construction: Design-Builder;
-- Spotless: Facilities Manager. Spotless also provides
facilities management services to some of the Company's existing
Australian investments; and
-- YMCA: Community Services and Activities.
This New Schools PPP Project builds on the Company's educational
projects across Australia, the UK and Canada and will broaden its
Australian investment portfolio.
Having been announced as the Preferred Bidder, Learning
Communities Victoria will now work closely with the State Project
team to conclude the contracting and financing.
Construction is expected to commence in Q4 2015 with the
delivery of the first tranche of schools to be in time for the
commencement of the 2017 school year and the subsequent, second
tranche of schools to be delivered in time for commencement of the
2018 school year.
Further details on the transaction will be provided on financial
close, which is expected in Q4 2015.
Commenting on the appointment, Chairman of International Public
Partnerships, Rupert Dorey said: "We are delighted to have been
named Preferred Bidder on the Victorian New Schools PPP Project.
This demonstrates the Company's ability to continue to bring high
quality international projects to the portfolio."
Further project details can be viewed on the State's Project
website:
http://www.education.vic.gov.au/about/programs/infrastructure/Pages/newschoolsproject.aspx.
For further information:
Erica Sibree +44 (0)20 7939 0558
Amber Fund Management Limited
Nick Westlake/Hugh Jonathan +44 (0)20 7260 1345/1263
Numis Securities
Ed Berry/Mitch Barltrop +44 (0) 20 3727 1046/1039
FTI Consulting
Notes to Editors:
About International Public Partnerships:
International Public Partnerships Limited (INPP) is a listed
infrastructure investment company which invests in global public
infrastructure projects developed under the public private
partnerships (PPP) and private finance initiative (PFI) procurement
methods.
Listed in 2006, INPP is a long-term investor in 118 social and
transport infrastructure projects, including schools, hospitals,
courts, police headquarters, transport and renewable energy
projects in the U.K., Europe, Australia and Canada. INPP seeks to
provide its shareholders with both a long-term government-backed
yield and capital growth through investment across both
construction and operational phases of typically 20-40 year
concessions.
Visit the INPP website at
www.internationalpublicpartnerships.com for more information.
About Amber Infrastructure Group:
Amber Infrastructure Group (Amber) is a leading international
infrastructure specialist, providing asset management and
investment advisory services in respect of over GBP5 billion of
assets in the UK, Europe, Australia and North America. Amber's core
business focuses on sourcing, developing, advising on, investing in
and managing infrastructure assets within the utilities, PPP,
transport, renewable energy and regeneration sectors.
Amber provides investment advisory services to International
Public Partnerships
Limited as well as private investment funds, specialising in
urban regeneration. Amber is headquartered in London with offices
in Munich, Sydney, Melbourne and San Francisco and employs over 80
people, making it one of the largest
international infrastructure specialists.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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September 02, 2015 02:00 ET (06:00 GMT)
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