HICL closes stake in Scottish schools PPP

23 October 2012 HSBC Infrastructure Company (HICL) has acquired a 30% equity and loan note stake for a Scottish schools PPP.

HICL completed the 30% acquisition this week in the Fife Schools 2 PPP project for approximately £3.9m, which is in line with the current valuations of similar UK PFI projects in the company’s portfolio.

The schools project is a 25-year concession for the design, construct, finance and maintenance of nine primary schools as well as one special education facility across eight sites in Fife.

Miller Construction built the schools in 2007 under a fixed price construction contract, and currently, the schools accommodate in excess of 3,000 students.

The acquisition was funded from the group’s existing cash and debt resources.  

This page was last updated on:
1 December 2015.


Full Steam Ahead

Australia may have ousted its ‘infrastructure prime minister’, but the country is showing little signs of let-up as a slew of projects progress

Global Remit

Jan van Schoonhoven, a senior adviser on PPP and international relations for the Netherlands, tells James Kenny about creating the UNECE’s PPP standards and developing the model across Europe – and into Kazakhstan


Register now to get un-restricted access to all sections of the website.

Want to see more first? Try our free preview...