Sir Robert McAlpine has reached financial close on the second phase of Newcastle’s Building Schools for the Future project.
The Aura Newcastle Local Education Partnership – which includes Sir Robert along with Parsons Brinckerhoff and Robertson Capital Projects – will carry out work on eight schools in the city.
The second phase is understood to be worth about £80 million of the £220 million project to rebuild or refurbish every secondary school in Newcastle.
Sole MLA NIBC has provided £42 million in long-term financing to the 25-year project, according to CN’s sister title Infrastructure Journal. The European Investment Bank will cover the remaining £38 million.
New schools in this phase of the programme include St Mary’s RC Comprehensive, Gosforth Junior High School, Sir Charles Parsons School and Walker Technology College.