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Wednesday, 14 June 2017

Education Ministry considers increasing land allocation for 200 schools PPP project

The Education Ministry is considering increasing the amount of land allocated to establish 200 schools under a public-private partnership framework in 18 governorates, Al Borsa reports. Some of the companies that qualified for the project objected to the ministry potentially offering less than the 51 plots previously agreed upon, unnamed government sources say. The ministry will now study offering more than 51 plots in the tender, which is expected to be launched this month. The final contracts are set to be signed in August or September. Al Madaen Holding, Carillion, a consortium led by the UK’s Bridge Capital, and the Orascom Construction and Sheraton Heliopolis Schools consortium are among the 42 companies that have qualified for the project.

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