Portfolio

North Tyneside Schools, UK

Project capex

£30 million

Concession

32 years

HICL holding

50.00%

Sector

Education

Region

UK

Finance, construct, operate, and maintain one secondary school and three primary schools for North Tyneside Council

North Tyneside Schools PFI project is a 32 year concession in North Tyneside, to finance, construct, operate and maintain a secondary school (Burnside) and three primary schools (Western, Marine and Coquet), for North Tyneside Council. Between them, the schools serve 2,500 staff and pupils.

Careful consideration was paid to the needs and aspirations of each school, as well as the opportunities and challenges presented by the sites.

All the schools are complemented by a wide range of extended use facilities, which are used frequently by the local community.

Financial close was achieved in December 2002. Designed by Seymour, Harris Keppie and supported by Buro Happold, the schools were built by Kajima Construction Europe (UK) Limited. The capital expenditure was approximately £30 million.

Operations commenced between 2003 and 2004. FM services are provided by Mitie.