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Schools of Tomorrow, Belgium

We've been acting as lenders’ technical advisor for the country’s major ‘Schools of Tomorrow’ initiative, a six-year programme developed to bridge the gap between funding needs and available resources for school infrastructure in Flanders and Brussels.

165
Schools renovated
£1.5BN
Investment
6-year
PPP programme

Key facts

  • Hundred and sixty five schools will be built or renovated under the initiative, with a total build area covering 625,000sq m.
  • A total of €1.5BN is to be invested in the initiative, making it one of the largest public private partnerships (PPP) in Europe.
  • We're providing due diligence and construction monitoring for individual schools and the overall programme.
  • Client is DBFM Scholen van Morgen, a special purpose company responsible for the design, construction, financing and 30-year maintenance of the schools.
  • The first school opened is Londerzeel technical secondary school in Flanders.

Challenge

Given the scale of the programme and the diversity of the projects involved it is critical that advisory services to the lenders are comprehensive yet simple. We have developed a systematic reporting methodology at both programme level and for each individual school, allowing the lenders to make informed decisions within a tight timeframe.

As the first PPP of its kind and scale, our vast expertise in risk management has proved to be a valuable contribution to the success of the scheme.

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