3IN : 3i Infrastructure completes French prison deal
3i Infrastructure has announced that the deal to build a new prison, La Sante, in Paris, that was referred to in its recent interim statement, has now been completed. It will invest €11.7m to take an 80% stake in the project.
The La Santé primary PPP project (the “Project”) includes the design, build, refurbishment, finance and maintenance of various buildings for La Santé, the Paris prison. The Project will also include the provision of facilities management services once construction is complete, which is expected to be by the end of 2018.