A Sir Robert McAlpine led consortium has been named preferred bidder of a new £228m Glasgow campus, fending off competition from a Bam PPP.
City of Glasgow College has announced that Glasgow Learning Quarter has been identified as the preferred bidder for the campus at Thistle Street, designed to cater for around 40,000 students and 1,200 members of staff.
This investment is publicly and privately financed with funding support from the Scottish Government via the Scottish Funding Council and from the City of Glasgow College’s financial reserves. The European Investment Bank has in principle approved up to £100 million of financing.
Douglas Baillie, Chair of the Board of City of Glasgow College, said: “Selecting the preferred bidder is yet another major milestone in the continuing success of the City of Glasgow College.
“Enhancing our diverse and talented student learning community with brand new, bespoke facilities underlines our passion for learning and desire to meet the needs of Glasgow’s and Scotland’s employers and the wider civic community.”
Julia Kennedy, associate director at SFT and who has been supporting Glasgow College through the procurement process, commented: “I am delighted that the project has reached this significant milestone and that construction work will soon start on Scotland’s largest NPD financed college.
“It is the release of funding through the NPD programme that is allowing the College to be built now, rather than wait years for traditional capital funding to become available.
“Construction is planned to start later this year and will act as an enormous boost to local SMEs working within the building sector and related supply chains thanks to the preferred bidder’s commitment to supporting local employment and training.”
Planning permission will be sought from Glasgow City Council and the funding strategy finalised before the contract is awarded with construction set to begin on site this summer.
The project will be funded through the Scottish Funding Council and supported by the Scottish Futures Trust using the Non-Profit Distributing procurement model which is a form of public private partnership.