A consortium led by support services and construction company Interserve has been named as preferred bidder on a buildings scheme for the West Yorkshire police.
The consortium, led by Interserve, together with Equitix, the infrastructure developer and fund manager, will design, build, finance and operate the new facilities, which comprise two new divisional headquarters, custody suites and a specialist operational training facility.
The private finance initiative (PFI) contract is worth £150m in total.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Financial close and the signing of the contract are expected to take place by June 2012 and construction will commence on each of the sites thereafter, with a targeted completion date of 2014. Interserve will then be responsible for the delivery of facilities management services (including cleaning, maintenance and energy management) once the buildings are completed.
jh
-
Klarna postpones US IPO as Trump's tariffs rattle marketsBuy-now-pay-later lender Klarna has postponed its US initial public offering owing to the market turbulence. It is not alone, says Matthew Partridge
-
Why stagflation now seems like America's "optimistic scenario"Investors have gone into tariff shock, and stagflation could now be the optimistic scenario for the US economy.
