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REN JAN 07x 3/15/07 8:53 AM Page 1 Retired Employees’ News PRODUCED ON BEHALF OF THE JOHN LAING CHARITABLE TRUST SPRING 2007 PHOTO RESULTS Centre-page pullll out wiith the photo competiitiion resullts CHRIISTMAS OUTIINGS Words and piictures from every cllub event around the country LATEST NEWS IIt’s busiiness as usuall pllus the llatest contract detaiills and new projects WEDDIING PAGES Words and piictures as we cellebrate the Gollden and Diiamond anniiversariies REN JAN 07x 3/15/07 8:54 AM Page 2 DEADLINE FOR NEXT ISSUE: APRIL 30, 2007 CONTENTS Main news stories 3 All the latest Company news Roads news 4 Please address news Details of road works at home and abroad stories/queries to: Retirement Media Laing in Canada 5 Edward House Group acquires Health assets across the Atlantic Edward Road Bedford Health News 6 Beds, MK42 9DR Excellcare and LIFT projects Group News 7 Tel: 01234 360940 Infrastructure news including MoD contract Mob: 07774 259542 www.retirementmedia.com Team Spirit archive 8-10 Email: News from 10, 25 and 50 years ago [email protected] Retirees’ Photo Competition 11-14 Please address other Pull out section of winners and runners up correspondence to: John Laing Welfare Club news and outings introduction 15 Department The contact details and news from local clubs 33 Bunns Lane London NW7 2DX Christmas Luncheons 16-23 Tel: 020 8959 9013 Words and pictures from all the events Wedding Anniversaries 24-25 Golden and Diamond celebrations COVER PHOTO: The Barbican Extra Company and Welfare News 26 Centre in London opened by the Financial and other help keeping warm this winter Queen. See the Team Spirit archives on page 9. Listings 27 The Laing name continues in perpetuity LAING is such an integral part of construction. tinues and is still involved in cre- UK history that its name crops up Having said that there are ating exciting new projects. The time and again on the news as always a few classic stories which Company called Laing, that you major feats of construction in this cannot go untold, like the airport worked for, is alive and well, country celebrate anniversaries. project where a mobile crane largely thanks to your efforts and In the past few months the built a terminal around itself and is still a leader in its market. Second Severn Crossing and the then could not get out. Talking about moving on, I have new town of Milton Keynes each Anyway, times change and com- to tell you about a man and wife marked 40 years since they were panies evolve. The world’s oldest who went out for a meal together built, with Laing as the main con- company was Kong Gumi Co. Ltd, in a restaurant. The husband kept tractor. See the article, page 26. a Japanese construction company looking over nervously at a It is partly for this reason that which had been trading continu- woman on the far side of the the British Film Institute has been ously for 1,400 years before restaurant who was very drunk. keen to integrate Laing’s many going into receivership in January The wife asked why he kept films into the National Film last year. Their assets were looking and the husband said: Archive, a process which is now bought up by the Takamatsu “That woman used to be my girl- on-going. Corporation who specialise in friend before you and I met. Since Despite the scale, significance leasing condominiums. Virtually I dumped her seven years ago, she has never been sober.” and workmanship on Laing’s proj- all trace of the ancient builders ects, most retirees I speak with have gone. There was no deal or The wife replied: “Who’d think are more enthused by stories of handing over of the baton, the she would still be celebrating camaraderie and the Laing family centuries-old name is gone. after seven years.” spirit than the nuts and bolts of The Laing name, however, con- Alex Finkenrath REN JAN 07x 3/15/07 8:54 AM Page 3 NEWS Laing carries on as usual IT is business as usual for John the public sector and rail infra- Laing following the successful structure. By utilising the team’s change of ownership in specialist skills in property devel- December. opment for further education col- The £1,004 million sale to leges and rail-related commercial Henderson Infrastructure Holdco mixed-use schemes, they are able ltd (HIH) was concluded in to help the funding model for December 2006 and cheques these projects. were sent out to Laing sharehold- The Company is also expanding ers in early January. HIH is com- abroad with big roads projects in mitted to Laing retirees and have Norway, Finland and Poland and no plans to change support given targeting new contracts in central by the Company. Europe, Canada and the US. HIH paid 405 pence per ordinary The Group designs, builds, share and 138 pence per prefer- funds and operates projects over ence share. They first submitted a long concession periods, the early bid last summer. This prompted a ADRIAN EWER – managing director repayments from clients covering higher bid by another company – the investment cost to the Allianz – before HIH topped the Company and its partners. As bidding at over £1bn. private partnerships in the UK these costs are paid the streams HIH is a fund, managed by and around the world. It is the of revenue become profitable. Henderson Equity Partners, part only UK listed company whose Adrian Ewer, managing director of Henderson Group plc who core business is focused entirely of John Laing said: “The Company bring together experienced upon the development of PFI/PPP is in a strong position and we plan investors specialising in: Asian projects and operations. The to build on its success. The sale private equity, Infrastructure and Group currently invests in a total will not affect the way we do busi- Fund of Funds (a managed fund of 50 projects in sectors includ- ness or how we look after our portfolio). ing education, health, roads and retirees.” The purchase has substantially rail. The Company’s main Board will bolstered HIH’s Infrastructure. John Laing Projects & remain the same, the only differ- The Board has steered John Laing Developments, a new business ence being to the three non-exec- to being the UK’s leading project formed last year, focuses on utive directors who will be developer and investor in public property development involving replaced by HIH directors. Engineers’ dinner booking ahead Trust seals film deal THE annual Laing Engineers’ FILMS from the Laing archive are to the John Laing Charitable Trust and Architects’ reunion lunch be preserved for posterity as part said: “The Trust was keen for the took place again this year at of the National Film Archive. films to be preserved by experts the Sports Club in Rowley Lane The hundreds of film reels, some and still accessible to people who on Thursday 15th March 2007, dating back to the 1920s, will be find them interesting. The BFI has at 12 noon with a buffet lunch carefully archived and preserved the perfect facilities for preserving at 12.30pm. by the British Film Institute (BFI). these films and will hopefully also We hope to have photos from The BFI is also rendering some of ensure a wider audience by incor- the event in our next issue. the films to DVD so that they can porating them into the National If you feel you missed out and be easily viewed. Film Archive. want to book ahead for next Expert assessors say that it is a As well as providing copies on year, contact Ian Jarvis, ‘significant’ historical film record DVD, there are plans for a presen- Tel: 01954 203 689 as it covers so many years and tation evening to launch the addi- [email protected] important projects. tion of the films to the archive in Michael Hamilton, secretary of 2008. 3 REN JAN 07x 3/15/07 8:54 AM Page 4 INFRASTRUCTURE NEWS UPDATE * Street Lighting – The Walsall Street Lighting project recently received a commendation in the 2006 Annual Public Service Excellence Awards. * Netherlands – Laing has prequalified for the Kromhaut Barracks project and submitted prequalification documents for the Groningen tax office project. Partners on both projects are the Dutch contractors Strukton and Ballast Nedam. * Germany – JLI has successfully pre- qualified for the A1 project in Germany. The consortium will be JLI/Bilfinger Berger with an equal 42.5% equity stake and Johann Bunte (medium sized con- tractor) with the balancing 15%. JLI is also currently bidding on the A4 and A5 Peter Couldery of John Laing Infrastructure (centre) with Aulis road projects. Nironen of the Finnish Road Administration and Perttu Puro, * USA – JLI has prequalified for a project Secretary of State, kick off the taring ceremony in Colorado USA, as one of 11 bidders shortlisted by the Northwest Parkway Public Highway Authority (NWPPHA) in Colorado, USA. The authority is looking for a long-term private partner to pro- Tar very much vide long-term finance and operate the existing US$416 million Northwest ON 18 October, a ‘tunnel tar- well, and the people involved Parkway toll road to the east side of ing’ celebration was held on in the E18 project gathered for Denver. the E18 Muurla-Lohja motor- the celebration at the NWPPHA had been studying a refinanc- way project in Finland. It has Lakiamäki tunnel, the first tun- ing of the project’s debt because of dis- been a tradition that once tun- nel that was blasted through.