14
January
2013
|
00:00
Europe/London

Statement on the Little London, Beeston Hill and Holbeck Private Finance Initiative (PFI) housing project


Leeds City Council executive board member for neighbourhoods, planning and support services Councillor Peter Gruen said:



"The council remains absolutely committed to plans to deliver improvements to over 1200 homes and the surrounding estates and to build 388 new homes through the PFI project. Completing the procurement of this important scheme remains a priority and the council has worked very closely with the preferred bidder, Sustainable Communities 4 Leeds (sc4L), to resolve all outstanding matters to enable this.



"The commercial and funding arrangements are complex and some aspects have taken longer for all parties to conclude than we hoped for, which has caused a further delay in reaching financial close. The preferred bidder and lenders have however confirmed that they are also fully committed to the project and have agreed a revised timetable to complete final funding and commercial documents, which should see the contract signed by the end of February.



"We will continue to work with all the relevant parties to ensure this timetable is met so that a start to works can begin as soon as possible to improve existing homes and provide new homes in the Little London, Beeston Hill and Holbeck areas. We will write to all tenants and residents within the project areas once the procurement is completed and the project timetable is confirmed."



A statement by sc4L said:



"Sustainable Communities 4 Leeds (sc4L) notes the concerns and comments raised both within the council and wider forums and remains fully committed to the project and its delivery within the revised programme."



ENDS



For media enquiries, please contact;

Cat Milburn, Leeds City Council press office (0113) 247 4450

Email: Catherine.milburn@leeds.gov.uk