Carillion PLC HS2 Contract Award (2144L)
July 17 2017 - 2:19AM
UK Regulatory
TIDMCLLN
RNS Number : 2144L
Carillion PLC
17 July 2017
17 July 2017
CEK (Carillion, Eiffage, Kier) joint venture award 2 HS2 Lots
worth GBP1.4 bn
Carillion, the integrated support services company, is pleased
to announce that the CEK joint venture partnership consisting of
Carillion, Eiffage and Kier, has been successful in its bid for the
C2 and C3 contracts.
HS2 is the 190 km high speed line linking London with Birmingham
and the West Coast Main Line near Lichfield and is planned to open
in 2026 and will increase capacity and improve journey times
between these two cities and bring economic growth to the
Midlands.
All the packages have been let as two-part design and build
contracts, to 'encourage innovation and flexibility' in delivery
and collaboration across the supply chain and with HS2 Ltd.
-- Lot C2 - North Portal Chiltern Tunnels to Brackley GBP724m
-- Lot C3 - Brackley to Long Itchington Wood Green Tunnel South Portal GBP616m
These Lots will be awarded in two stages. Stage One will be a
16-month period to develop a design, a programme and a Target Cost
for the construction of the works. Stage Two is the construction of
the main works and this is expected to take between four and five
years to complete.
Keith Cochrane, Interim CEO, Carillion, said
"We are delighted that our Joint Venture, CEK, has been selected
to deliver two of the three Central contracts for HS2 Phase 1, the
London to Birmingham section of the route, reflecting the strength
of our Joint Venture. We look forward to working in close
collaboration with HS2 to deliver this iconic project.
"Carillion is a leading supplier of infrastructure services with
top two positions in both the UK rail and highways sectors, where
we work in partnership with key customers, including Network Rail,
Highways England and HS2. We expect the UK Government's objective
of generating economic growth through investing in infrastructure
to continue creating opportunities for us to grow our business in
these core markets."
Notes to editors
CEK joint venture
The joint venture brings together three companies with
outstanding expertise in the design, construction, operation,
financing and maintenance of railway networks in Europe, including
high speed rail systems and their associated infrastructure.
Carillion is a market leading support services group focused on
infrastructure and property services with a portfolio of Public
Private Partnership projects, selective construction capabilities
and a sector leading ability to deliver sustainable solutions. The
Group had annual revenue in 2016 of some GBP5.2 billion, employs
around 43,000 people and operates across the UK, in the Middle East
and Canada.
This and other Carillion news releases can be found at
www.carillionplc.com.
Eiffage is one of Europe's leading construction and concessions
companies. The Group's activities are organised as seven business
lines: construction, real estate, roads, civil engineering,
structural steel, energy and concessions. Thanks to the experience
of more than 66,000 employees, Eiffage generated revenues of
EUR14bn in 2014, including 16 percent outside France.
Kier Group is a leading integrated property, residential,
construction and services group operating across a range of sectors
including defence, education, housing, industrial, power, transport
and utilities. The group employs over 24,000 people worldwide and
with a turnover of GBP3.2bn (approx. EUR4.2bn).
Notes to Editors
For more information
John Denning, Director Group Corporate Affairs, Carillion plc
+44 (0) 1902 906333
Kellie McAvoy, Head of Investor Relations +44 (0) 1902
906333
Bell Pottinger
Liz Morley +44 (0) 7990 003314
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCUBANRBBABARR
(END) Dow Jones Newswires
July 17, 2017 02:19 ET (06:19 GMT)
Carillion (LSE:CLLN)
Historical Stock Chart
From Mar 2024 to Apr 2024
Carillion (LSE:CLLN)
Historical Stock Chart
From Apr 2023 to Apr 2024