Portfolio

Newcastle Libraries, UK

Project capex

£30 million

Concession

27 years

HICL holding

50.00%

Sector

Education

Region

UK

Finance, construct, operate, and maintain two libraries for Newcastle City Council

The Newcastle Libraries PFI project is a 27 year concession to finance, construct, operate, and maintain the new city centre library in Newcastle and an additional satellite library in High Heaton. The project was commissioned by Newcastle City Council.

The project reached financial close in June 2007 and the libraries have been operating since March 2009. Maintenance and other FM services are provided by Integral UK Limited.