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£150m schools and leisure contract for Barnet
Barnet Council has signed a £150 million contract for major projects including new schools, leisure and community centres as part of the council’s Capital Projects programme.
As the most populated London borough, the programme will see Graham Construction build new projects and improve existing buildings over the next five years. Two new leisure centres and a schools expansion project have already been confirmed under the deal.
The borough’s financial strategy will see £565 million of capital investment between 2016 and 2020, funded by developer contributions, capital receipts, borrowing, revenue and external grants.
Cllr Richard Cornelius, leader of Barnet Council, said: “As our borough expands so does the need for us to provide more housing, school places, leisure centres and community facilities for our residents, which is why we are investing £565 million in the future of the borough.
“Barnet has a good track record of building major projects on time and on budget and this new partnership with Graham provides us further opportunity to deliver these important new buildings which will serve our residents for many years to come.”
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