The contract, between Trillium, Kent County Council, Building Schools for the Future Investments and IT provider Northgate Information Solutions, has been described as a “kickstart” for the programme to redevelop a series of secondary schools in the Gravesham, Swale and Thanet districts of Kent by 2014.
About £200 million is expected to be invested in redeveloping and maintaining the first 10 schools.
Three will be delivered through PFI, with Trillium contributing £6 million of capital by the end of the PFI construction phase.
A statement made this morning by Land Securities said: “The contract has an estimated capital spend of almost £600 million, and builds on Trillium’s success across the UK where it now owns or manages 197 schools with 174,000 pupils.”
It forms the first phase of Kent’s overall £1.8 billion BSF programme, which plans to rebuild or renew its secondary schools over a period of 10 to 15 years.