The Deals and Dealmakers awards recognise exceptional achievement by companies and people within the Scottish corporate finance marketplace, based on deals completed in the previous year.
The awards recognise deals that stand out in terms of co-operation between the parties involved and imaginative solutions. North Lanarkshire Council's Education 2010 PPP project was commended for the step forward it represented in the financing of PPP/PFI projects. The unique financing - it was the first schools PPP deal to be financed through public bonds issued on the sterling capital markets traded on the UK stock exchange - has resulted in savings of an estimated £500,000 - £800,000 per year on the unitary charge the Council will have to pay its private partner, Transform Schools (North Lanarkshire), over the 30-year contract.
The PPP/PFI of the Year award is the second accolade for Education 2010. It was named Euromoney European Project Finance Education Deal of the Year 2005 earlier this year.
