ISG preferred on £50m education job

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ISG has been named preferred contractor on a £50 million education project for Suffolk County Council to build the South West Ipswich and South Suffolk Sixth Form Centre.

Work is due to start in January 2009 subject to planning permission. Completion is expected for summer 2010.

ISG chief executive David Lawther said: "Education is an important and growing sector for ISG. We have focused on it as part of our diversification strategy into non-cyclical earnings streams.

"These wins verify our ability to be able to compete effectively and profitably in a sector worth around £7 billion a year."

The deal follows four significant contract wins in the last six months with a combined value of almost £80 million.