The University of California, Merced, has broken ground on a $1.3bn expansion project at the institution’s campus.
The Merced 2020 Project will be carried out as a public-private partnership with private developer PPM tasked with the design, construction, operation, maintenance and partial funding of all new facilities over the 39-year contract term.
The project will involve the addition of about 111,480sq m of teaching, research, residential and student-support facilities to the existing campus by 2020.
According to UC Merced, the project development team of PPM includes Plenary Group, lead developer, equity provider and financial arranger; Webcor Construction LP, lead contractor; Skidmore Owings & Merrill Inc., lead campus planner; and Johnson Controls, lead operations and management firm.
UC Merced chancellor Dorothy Leland said: “Today we celebrate an investment in the future of UC Merced, the future of the San Joaquin Valley and future of the state of California.
“The Merced 2020 Project brings tremendous economic growth and allows UC Merced to further fulfil its promise to bring interdisciplinary learning and cutting-edge research opportunities to one of our state’s most rapidly growing regions.”
The first phase of new buildings is expected to be complete in 2018. The project is anticipated to lead to the creation of thousands of jobs, mainly during the construction phase, along with hundreds of permanent new campus roles as the university expands.