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
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.
Who is the richest person in the world?
The top five richest people in the world have a combined net worth of $825 billion. Who takes the crown for the richest person in the world?
By Vaishali Varu Published
Top 10 stocks with highest growth over past decade - from Nvidia, Microsoft to Netflix, which companies made you the most money?
We reveal the 10 global companies with the biggest returns since 2013. One firm has posted an astonishing 9,870% return, meaning a £1,000 investment would now be worth almost £82,000.
By Ruth Emery Published