Hochtief press release:
Financial close reached - Leighton-led consortium to design, finance buildand operate facilities for 30 years
A consortium led by Leighton Contractors, a company of HOCHTIEF’s subsidiary Leighton, has achieved financial close for a PPP project in Australia: Aspire Schools, as theconsortium is called, will design, finance and build seven schools in the state of Queensland and operate them for a period of 30 years. The client is Queensland’s Department ofEducation and Training. The contract volume amounts to approximately EUR 632 million (AUD 1.1 billion).
Leighton Contractors leads the consortium that will realize six primary schools and one highschool within the framework of a public-private partnership model. Design and constructionare in the hands of Broad Construction Services, a subsidiary of Leighton Contractors. Theworks will be completed by 2014. Afterwards, Leighton Services will take over operation andmaintenance of the buildings. In Queensland, the project will create up to 2,150 new jobs inthe construction phase alone.
