Portfolio

Derby Schools, UK

Project capex

£37 million

Concession

27 years

HICL holding

100.00%

Sector

Education

Region

UK

Finance, construct, operate, and maintain three primary and two secondary schools for Derby City Council

The Derby Schools project is a 27 year concession to finance, construct, operate, and maintain three primary and two secondary schools for Derby City Council.

Financial close was reached in December 2004.

Construction was undertaken by Norwest Holst (now part of the Vinci group). Capital expenditure was £37 million.

Operations commenced in December 2006. The project benefits from a long-term FM agreement with Vinci Partnerships Limited (guaranteed by Vinci Plc).