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Costain closes £71m deal on four Lewisham schools

Lewisham Council has appointed Costain to rebuild four more schools for £71 million after financial close was reached on the fourth phase of its Building Schools for the Future project.

Work will begin shortly on building the new all-age school Prendergast Vale College, a new school for pupils with autistic spectrum disorder and the rebuilding of two secondary schools, Bonus Pastor Catholic College and Prendergast Hilly Fields College.

Three of the schools (Bonus Pastor Catholic College, Prendergast Vale College and the new ASD school), with a total capital expenditure of £53m, will be delivered under a Private Finance Initiative package.

The PFI will be delivered by Learning21, a consortium including Costain Engineering & Construction and Babcock International. Costain will complete the design and construction of the schools while Babcock will be responsible for facilities and ICT services. 

The fourth school, Prendergast Hilly Fields College, will be delivered through an £18m design and build contract with Costain.

All work is due for completion by September 2013.

Costain chief executive Andrew Wyllie said:  “Costain is delighted to have reached financial close on the fourth phase of its BSF partnership with the London Borough of Lewisham, and to be part of the on-going delivery of quality education services to the young people of Lewisham.”

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