Morgan Sindall Group Regulatory News (MGNS)

16 Aug 2007 16:55

Morgan Sindall PLC16 August 2007 Morgan Sindall plc 16 August 2007 Morgan Ashurst JV awarded £134m East Dunbartonshire Schools Project Morgan Sindall plc, the construction and regeneration group, announces todaythat Morgan Ashurst, its full service construction business, is set to startwork on a £134 million, public private partnership (PPP) scheme to design andbuild six new secondary schools in East Dunbartonshire, Scotland. Morgan Ashurstwill be working with joint-venture partner, AMEC Building and FacilitiesServices. The contract award is worth £100 million to Morgan Ashurst, andfollows financial close of a 30-year PPP led by InspirED, a consortium workingon behalf of East Dunbartonshire Council. As the consortium's construction partner, Morgan Ashurst will design and buildsix state-of-the-art secondary schools in Bearsden, Bishopbriggs, Kirkintillochand Milngavie. The new Morgan Sindall urban regeneration division, MuseDevelopments, will develop the schools' surplus sites for mixed-use commercialand residential accommodation. Paul Smith, Chief Executive of Morgan Sindall plc, said: "The award of this significant construction project reinforces Morgan Ashurst'sleading expertise in building schools for the future. I am also pleased thatMorgan Ashurst is working with our new business, Muse, on this project. Thisunderlines our very strong position in urban regeneration." The East Dunbartonshire schools PPP scheme is the fourth major education projectMorgan Ashurst has secured this year. The award follows the business beingrecently appointed one of four contractors for a £200 million, four-yearbuilding refurbishment and redevelopment scheme at the University of Reading aswell as being appointed as a framework contractor on the Liverpool SchoolsFramework and the South Lanarkshire Primary Schools Framework. - Ends - ENQUIRIES: Morgan Sindall plc Tel: 020 7307 9200 Paul Smith, Chief ExecutiveDavid Mulligan, Finance Director Blythe Weigh Tel: 020 7138 3204Tim Blythe Mobile: 07816 924626Paul Weigh Mobile: 07989 129658 Editor's notes: Morgan Sindall plc, the construction and regeneration group, operates throughfive specialist divisions of affordable housing, construction, development, fitout and infrastructure services. This information is provided by RNS The company news service from the London Stock Exchange