Wates PFI Investments, a consortium of WS Atkins, Innisfree and Wates, has been appointed as preferred bidder on its fourth PFI project.
The 25-year, £125m contract is to build extensions, refurbish and maintain schools in the London Borough of Merton. Construction work is due to start in Spring 2002.

Wates Construction is responsible for design, construction and refurbishment work, Innisfree will provide equity support, and WS Atkins will provide design services, lifecycle advice and facilities management.