Galliford Try Reaches Financial Close on £60 Million Worcester PFI Project

Galliford Try plc, the housebuilding and construction group has reached financial close on the £60 million PFI project to develop the new Worcester Library and History Centre for Worcestershire County Council in partnership with the University of Worcester.

The project involves developing a fully integrated public and university library which will be the first of its kind in the UK. The scheme will also include the county archives and records office, history centre, archaeology service, multi-agency customer service centre in addition to commercial and retail space.

The building is set to become one of the world’s most sustainable buildings with a 50 per cent reduction in carbon emissions and will have a BREEAM rating of “Excellent.” Completion of the project is expected by January 2012.

Greg Fitzgerald, Chief Executive, commented:

“We are delighted to reach financial close on this significant project for Worcestershire County Council and the University of Worcester which will lead the way in sustainability for public buildings. This project brings together Galliford Try’s strength in delivering schemes through the Private Finance Initiative together with its investment and construction expertise.”