Lend Lease Joint Venture selected as preferred bidder for Phase 1 of UK Ministry of Defence modernis

Lend Lease announces that Debut Services Ltd, a joint venture between Bovis Lend Lease Limited and Babcock International Group PLC, has been selected as preferred bidder for the first phase of the UK Ministry of Defence Single Living Accommodation Modernisation ('SLAM') programme. Project SLAM is one of the largest new build and refurbishment projects in the UK, worth £1 billion over 10 years.

Debut Services will now enter into further discussions regarding its tendered proposals with the MoD Executive Agency, Defence Estates. Subject to finalising terms and conditions, the next stage will see Debut Services appointed as Prime Contractor for Project SLAM. Formal appointment is expected by the end of October 2002, with construction work starting in 2003.

For more information please visit www.lendlease.com.

(source: Lend Lease)

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