International PPL increases investment in BSF scheme

International Public Partnerships (INPP) has increased its investment in the Salford and Wigan Building Schools for the Future (BSF) programme.

In conjunction with its consortium partners Laing O'Rourke Construction and Hochtief Facilities Management, INPP has invested £705,000 for 10% interest in the second phase of the scheme.

The second phase consists of the construction of three secondary schools, a primary school and community facilities for over 3,700 students in the region.

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In August, INPP acquired 100% of the interests in Building Schools for the Future Investments LLP (BSFI) from the Department for Education and Partnerships UK for around £60m.

Giles Frost, director of Amber Infrastructure, said: "School projects continue to form a core part of INPP's portfolio going forward and the group is delighted that, consistent with its expectations for additional development opportunities arising from BSFI, INPP has already finalised a further investment in the second phase of the Salford and Wigan project."

The share price fell 0.68% to 117.6p by 09:37.

NR