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News archive - 2005

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Equion Ltd to deliver largest PFI hospital in Scotland - £300million new hospital for NHS Forth Valley
Tuesday, May 16, 2006
Equion Ltd, a division of John Laing plc, has been appointed by NHS Forth Valley to develop a £300 million new acute hospital at Larbert, Falkirk.

AGM Statement
Thursday, May 19, 2005
At John Laing plc’s (“John Laing”) AGM today, Bill Forrester will make the following statement:“The company continues to make excellent progress against a background of growing market opportunities, both in the UK and overseas.

Consortium for M25 DBFO
Friday, December 09, 2005
An Anglo-French consortium, comprising Laing Roads, Costain, Carillion, Mouchel Parkman, Jacobs-Babtie, VINCI and ASF has been formed in response to the Highways Agency’s call for a phased programme of improvements to the M25, and future operation and maintenance of the strategic orbital route.

Laing and Viridor to enter PFI waste market
Thursday, December 08, 2005
Laing Roads & Utilities, a division of John Laing plc and Viridor Waste Management Limited, (Viridor) wholly owned subsidiary of Pennon-Group Plc, have announced their intention to jointly bid for an integrated waste management contract (investment value £300 million) with the Greater Manchester Waste Disposal Authority (GMWDA), the largest such scheme in the UK.  Viridor was short-listed by GMWDA in July 2005, following a pre-qualification process initiated earlier in Q1 2005. Laing has now formally joined the process.

John Laing Makes £26.7m Disposals and Launches Asset Management Company
Wednesday, December 07, 2005
John Laing plc ('Laing') announces the disposal of stakes in 4 PFI projects to Allianz PFI Holdings (Jersey) Ltd, a wholly owned subsidiary of Allianz AG ('Allianz') for an initial cash consideration of £23.1 million and contingent deferred consideration of £3.6 million. Laing will be retaining a 50% direct interest in each of the 4 projects.

Jamie Kerr appointed as Property Director at John Laing plc
Monday, December 05, 2005
Jamie Kerr has been appointed as Laing’s first Property Director, to develop property initiatives for the Group and realise opportunities related to the Laing Rail and Equion portfolios.

Statement re recent share price movement
Friday, December 02, 2005
The Board of John Laing PLC ('Laing' or the 'Company') notes the recent rise in the Company's share price.  The Board confirms that it has received an approach with regard to a possible offer but emphasises that this approach is in very preliminary form.  The Board stresses that there can be no certainty that any offer will be made for the Company's shares.

ExcellCare reaches financial close on £34.2 million North Notts LIFT Scheme
Thursday, December 01, 2005
ExcellCare, a joint venture company established by Bank of Scotland and Equion Ltd, part of John Laing plc, has reached financial close on a prestigious LIFT scheme in North Nottinghamshire today (Thursday 1 December). The scheme, worth over £34.2million, will provide seven new primary health care centres for the North Nottinghamshire region. It is the sixth ExcellCare scheme to reach financial close.

Excellcare expands with two senior appointments
Monday, October 31, 2005
ExcellCare Ltd, the joint venture company established by Equion Ltd (part of John Laing plc) and Bank of Scotland to participate in the Government’s Local Improvement Finance Trust (LIFT) initiative, has announced two senior appointments.

John Laing consortium reaches financial close on Finnish E18 motorway project
Thursday, October 27, 2005
John Laing plc (John Laing) has today announced that a consortium consisting of Laing Roads, Skanska Infrastructure Development AB from Sweden and Lemminkäinen Corporation from Finland has reached financial close on the €299m E18 Muurla–Lohja Motorway Project. John Laing will invest approximately £8m in the concession company, representing a 41% interest.

Speech by Andy Friend, CEO, John Laing Plc at PPP Transport Summit, Edinburgh
Thursday, October 20, 2005
The first five years of the twenty first century have, I think seen two broad developments of key relevance to the future of transport sector public private partnerships.

Disposal of 50% of Defence Management (Holdings) Ltd to Serco Investments Ltd
Monday, October 03, 2005
John Laing plc ('Laing') announces today that it has sold its 50% interest in
Defence Management (Holdings) Limited ('DMH') to Serco Investments Ltd ('Serco')
for £5.9 million in cash. The investment was held by Laing's wholly owned
subsidiary Equion Ltd.

Equion FM expands team – new Commercial Director appointed
Thursday, September 29, 2005
Equion Facilities Management Ltd, a division of John Laing plc, has appointed Ian Rogers as Commercial Director.

Macquarie Infrastructure Group to join John Laing consortium for US bid
Wednesday, September 07, 2005
In July 2005, John Laing announced that, together with its partners in the DCMI
(Dulles Corridor Mobility Initiative) consortium, it had submitted a proposal to
the Virginia Department of Transportation ("VDOT") to establish a 50-year toll
road concession over the Dulles Toll Road between Washington DC and Dulles
International Airport.

Excellcare reaches Financial Close on £24 million healthcare estate improvement programme in Southern Derbyshire
Wednesday, August 31, 2005
ExcellCare, a joint venture between Equion, a division of John Laing plc and Bank of Scotland, has recently announced financial close on a new £24 million phase of the ongoing Southern Derbyshire LIFT scheme.

John Laing plc announces interim results
Thursday, August 25, 2005
John Laing today announces interim results for the six months to 30 June 2005.
This is the first time that the results have been presented under IFRS. John
Laing is the leading project developer and investor in the PFI/PPP sector in the
UK and increasingly in mainland Europe.

Norway opens first PPP road
Tuesday, August 23, 2005
The first PPP road in Norway, the E39, was officially opened to traffic on 1 July 2005, some two months ahead of schedule.

Senior Appointments at MaST LIFT Co
Tuesday, August 09, 2005
The Manchester, Salford and Trafford (MaST) LIFT Company announces two senior level appointments.

Financial close reached on A1 motorway project in Poland
Friday, July 29, 2005
John Laing plc today announces that the Gdansk Transport Company ("GTC"), in which it holds a 29.69% stake, has reached financial close on the Euro700 million project to design, build, finance and operate the A1 motorway in Poland.

John Laing sponsors US$1 billion Virginia toll road proposal
Tuesday, July 26, 2005
John Laing Plc (“Laing”) announces that it has bid for its first PPP investment in the USA.

ExcellCare reaches financial close on £6.7 million healthcare estate improvement programme in Leicester
Monday, June 20, 2005
ExcellCare, the joint venture between Equion, a division of John Laing plc, and Bank of Scotland, has today announced Leicester LIFT Company’s financial close on a new £6.7 million phase of the ongoing LIFT project to rejuvenate primary health and social care services in Leicester.

John Laing appointed preferred bidder on Finnish E18 motorway project
Wednesday, June 15, 2005
John Laing plc (John Laing) has today announced that a consortium consisting of Laing Roads, Skanska BOT AB from Sweden and Lemminkäinen Group from Finland has been appointed preferred bidder for the €335m E18 Muurla–Lohja Motorway Project. John Laing will invest approximately £9m in the concession company.

Regenter secures better homes for Canning Town
Monday, June 06, 2005
Regenter has signed a £59 million regeneration and housing deal to refurbish and manage over 1000 council homes in Canning Town, Newham, London.

Double success for Equion projects at Public Private Finance Awards
Tuesday, May 31, 2005
Equion, a division of John Laing plc, has won two prestigious awards in the Public Private Finance Awards 2005.  The Ministry of Defence Main Building refurbishment won Best Operational Defence Project, and the Metropolitan Police’s Firearms and Public Order Training Centre in Gravesend, Kent was awarded Best Operational Local Authority Project.  This is the second successive year that an Equion project has won in the category Best Operational Defence Project*.

Equion signs major Newscastle hosptital contract worth £300m
Saturday, May 28, 2005
Equion Ltd, a division of John Laing plc, has signed contracts on a major new £300 million PFI development at the Freeman Hospital and Royal Victoria Infirmary in Newcastle.

New housing JV set to shape UK urban regeneration
Thursday, May 12, 2005
Equion plc and UK Pacific Investment Management (UK PIM) Ltd today launch a joint venture to invest in and manage social housing and wider regeneration partnerships between the public and private sectors.

David Hardy joins Equion Board
Tuesday, April 05, 2005
Equion Ltd, a division of John Laing plc, has appointed David Hardy as director in charge of its health business.  David will be responsible for managing and developing Equion's portfolio of health investments, including the involvement in major hospitals.  He will sit on the Equion Ltd board.

Equion signs £57m project with Cleveland Police Authority
Monday, April 04, 2005
 Equion, a division of John Laing plc, has reached financial close on a £57m PFI contract with Cleveland Police Authority to develop and upgrade custody facilities and other areas of the estate.

Equion announces £71 million school development project in Swindon
Monday, April 04, 2005
Equion, a division of John Laing plc has reached financial close on a £71 million PFI contract to design, build, finance and operate seven new schools in the North Swindon area.

John Laing makes further PFI accommodation investments & welcomes Thameslink short-listing
Monday, April 04, 2005
John Laing plc announces that Equion, its accommodation subsidiary, has reached financial close on two further PFI projects involving combined capital expenditure of £95 million and a combined Equion equity investment of £6 million.

2004 Final Results
Monday, March 21, 2005
John Laing today announces results for the year to 31 December 2004. John Laing is now well established as a leading project developer and investor in the PFI/PPP sector in the UK and increasingly in mainland Europe.

£761million investment in Leicester's hospitals
Friday, March 18, 2005
University Hospitals of Leicester (UHL) NHS Trust today announced that the joint venture partnership of Equion, a division of John Laing plc and Serco Group plc is the the Preferred Candidate for its Pathway project - a £761million, five year plan to extensively reconfigure and develop the three hospitals in Leicester (Glenfield, Leicester General and Leicester Royal Infirmary).

City Lit chooses Equion FM
Monday, March 14, 2005
Equion Facilities Management, a division of John Laing plc, is to provide comprehensive FM services to City Lit, one of London’s leading adult education providers. The contract, worth over £½ million p.a., will run for an initial ten year period.

Regenter signs £16.9m urban regeneration project
Monday, February 28, 2005
Regenter, a joint venture between Equion (a division of John Laing plc) and UK Pacific Investment Management (a company controlled by the same shareholders as Pinnacle Regeneration Group plc) has signed a £16.9m urban regeneration PFI contract with Stoke on Trent City Council.

John Laing plc to invest in third major schools project in Scotland
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.

Laing wins award fourth year in a row
Wednesday, January 26, 2005
For the fourth successive year John Laing plc has been awarded the prestigious ‘PPP Developer of the Year’ at the Infrastructure Journal 2004 awards, which was collected at Thursday’s ceremony (20 January 2005) by John Laing plc chief executive Andy Friend.

Trading update
Monday, January 24, 2005
John Laing plc, the infrastructure development and operations company, is issuing this update ahead of its preliminary announcement for the year ended 31 December 2004 (scheduled for 21 March 2005).