Thursday, February 03, 2005

John Laing Plc welcomes the announcement that the InspirED consortium has been named preferred bidder for the South Lanarkshire Schools Project.

As a partner in the AMEC led consortium, Equion, the accommodation and facilities management division of John Laing plc, will invest up to around £7 million (33%) in the project to deliver 17 new schools and two refurbished schools for South Lanarkshire Council.

Andy Friend, CEO commented:

“This is a significant project and the first in which John Laing will be co-investing with AMEC.  It is also Laing’s third major schools project in Scotland alongside our existing work to develop 46 schools in Edinburgh and Glasgow. We look forward to working towards financial close with our partners and the Council and developing a successful project for the benefit of the South Lanarkshire community.”

For further information please contact:

John Laing plc 
020 7901 3200
Andy Friend, Chief Executive 
Adrian Ewer, Finance Director 

Finsbury Group 
020 7251 3801
Ed Orlebar / Robin Walker 

Notes to Editors

John Laing plc is the UK’s listed market leader in PPP/ PFI infrastructure projects.  It currently invests in 42 PPP/ PFI projects in the rail, roads and accommodation sectors, 24 of which are fully operational.

Equion, part of John Laing plc, is a specialist provider of facilities in the PFI and PPP markets with a long-term perspective and approach.   The company manages and delivers projects from planning and funding through to design, construction and operation.  It is actively involved in the management of a wide range of education, health, police, defence and special purpose government facilities.

AMEC plc is an international project management and services company that designs, delivers and supports infrastructure assets for customers worldwide across the public and private sectors.  AMEC employs 45,000 people in more than 40 countries, generating annual revenues of around £5 billion.  AMEC’s shares are traded on the London Stock Exchange where the company is listed in the Support Services sector.