Skanska reaches Financial Close on Woodlands School, Essex, UK
Skanska, Essex County Council (ECC) and International Public Partnership (INPP), announced today that they have reached Financial Close for the financing, design, construction and operation of the new Woodlands School in Essex, UK. Skanska, as part of the Essex Local Education Partnership, invests GBP 1.6 M, about SEK 17 M, which corresponds to around 50 percent share of the project company. The construction contract for Skanska UK is valued at around GBP 26 M, about SEK 275 M.
Construction will begin immediately and is estimated to be completed in the first quarter of 2014.
Skanska Infrastructure Development is a leader in the global Public Private Partnerships (PPP) market. The business unit invests in, develops and operates roads, hospitals, schools, power plants and other social infrastructure in partnership with the public sector.