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PPP à la MoD

A team featuring Mowlem expects to reach financial close on a PPP scheme to revamp the Ministry of Defence's permanent joint headquarters at Northwood, near Watford, some time in 2006 ? seven years after the MoD first lined up three firms to bid the job.

Mowlem was named preferred bidder for the £1 billion deal th is week after beating a Carillion consortium.