Carillion, in a joint venture with Babcock, has secured a 30-year, £3bn contract for the provision of training and training support, infrastructure and services at the Royal School of Military Engineering (RSME) in
The joint venture, Holdfast, will deliver £300m of capital works for new and refurbished soldier accommodation, including: about 1,700 soldier bed spaces, training enhancements, more efficient use of the training estate, lower running costs and greatly improved facilities.
The joint-venture partners will invest £17.4m of equity in this project, with Carillion investing £5.5m.
Holdfast is now entering a lead-in period with services to be delivered by Babcock due to start in January 2009.
Carillion will carry out the £300m capital works programme, involving construction and refurbishment, over the first seven years of the contract.
Under the contract, the responsibility for training delivery will be shared between the RSME and Holdfast.
John McDonough, chief executive of Carillion, said: ‘We look forward to delivering improved facilities to meet the existing and future training requirements of the RSME.
‘This builds on the excellent relationship we have developed with the MoD across a range of contracts, the largest of which is the £12bn Allenby Connaught Public Private Partnership project.’