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Refurbishment start in WC2
NAO reviews Treasury scheme
A review of the private finance initiative (PFI) approach on the Treasury and Ministry of Defence buildings in Whitehall, London SW1 has been launched by the National Audit Office, parliament's spending watchdog. The NAO has said that I will produce separate reports on the Treasury and MoD contracts, which are worth about £500m and £1.6bn respectively. The Treasury's Grade II listed building is being refurbished by the Exchequer Partnership, a consortium involving Chesterton, Stanhope and Bovis Lend Lease. The MoD's Grade I listed main building in Whitehall is being refurbished by Modus Services, a consortium comprising Amey, McQuarie Infrastructure, John Laing and Innisfree. Internal demolition work on the MoD's building will start in September. - (25-08-2001)
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