BAM announces financial closure for Jedburgh school campus project
October 30, 2018 – BAM Construction has announced that the new Jedburgh Intergenerational Community Campus project in the Scottish Borders reached financial close.
With the signing of the related project and financing agreements, the main construction works can continue now and the school is on track to be completed by spring 2020.
Jedburgh Intergenerational Community Campus project is being delivered by Hub South East in partnership with Scottish Borders Council. BAM Construction is serving as the main contractor of the £32m project.
BAM Construction regional director Bruce Dickson said: “We have worked hard with our partners at Scottish Borders Council and Hub South East to reach Financial Close on programme and this now unlocks the funding to allow us to build on the excellent progress made on site since we broke ground earlier in the year.
“We are now fully aware that the ‘ball is in our court’ to deliver a high-quality project, on time, that the local community and our partners can be proud of.”
The educational development will replace all three schools in the town, with provision for nursery, primary and secondary school children alongside further education.
It will also feature a multi-use games area, 2G hockey pitch, 3G sports pitch, 100m running track, external changing pavilion and rural skills area.
Work on-site is progressing well, with the completion of the foundations and the start of the erection of the building’s steel frame.
Furthermore, a consultation process for naming the new campus is set to be initiated soon, with the community of Jedburgh getting a chance to vote on their favoured choice.
Hub South East’s projects director Scott Brown said: “Reaching Financial Close is the latest significant milestone in making the new Jedburgh Campus a reality, so we’re delighted this has been achieved.
“A great deal of work has gone into the development and design of the new Campus and construction works are progressing at pace, with the steel structure already taking shape. The fact that discussions began from a standing start only 18 months ago is demonstrable evidence of what can be achieved when the true partnership working ethos of the Hub initiative is embraced.
“We look forward to continuing this positive working relationship with Scottish Borders Council and our contractor, BAM Construction, to deliver a facility which supports a modern learning experience fit for the needs of all generations.”