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Aberdeen 3Rs Schools Project

Alan Steen at Monteith Steen has been asked to step in to manage the SPV for Aberdeen's troubled 3Rs Schools programme.  The project hit difficulties with the banking crash and funder Landsbanki not being able to meet the project's funding requirements.  The role encompasses taking a leading role in achieving refinancing of the project which is due at the end of March.  Alan will also be co-ordinating the continuing, but reduced construction, along with ensuring that NYOP Education (Aberdeen) Ltd continues to meet its obligations.

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