Balfour Beatty reaches close for £163m Knowsley PPP development

UK construction and services group Balfour Beatty said on Monday that that its specialist education Private Public Partnership (PPP) company, Transform Schools, has reached financial close for the £163 mln (EUR 228 mln) Knowsley Private Public Partnership (PPP) concession to construct seven new learning centres under the Building Schools for the Future (BSF) programme.

Balfour Betty said the 25-year concession will provide seven state-of-the-art learning centres to replace all of the borough's existing secondary schools over a three-year period.