Morgan Sindall Investments Close the Dorset Emergency Services Partnership Initiative PFI Project

Morgan Sindall Investments Limited (MSIL) has today, as part of the Partnership for Fire Limited (Pff), a joint venture with Carden Croft & Co. and Barclays European Infrastructure Fund, achieved financial close on the Dorset Emergency Services Partnership Initiative (DESPI) PFI project.

Pff has signed a 25 year project agreement with Dorset Fire Authority and Dorset Police Authority to design, build, finance and operate a number of new fire and emergency services facilities in Dorset. Pff will provide two new fire stations and a new joint police divisional and fire area headquarters in Poole and a second fire service area headquarters in Dorchester. Pff will lead the design and build of these new facilities with construction of the accommodation due to start immediately. The anticipated value of construction works is approximately £46 million over two years.