Modern Water PLC Progress on Gibraltar Wastewater Treatment Plant (3091D)
January 30 2018 - 5:00AM
UK Regulatory
TIDMMWG
RNS Number : 3091D
Modern Water PLC
30 January 2018
30 January 2018
Modern Water plc
("Modern Water" or "the Group")
H.M. Government of Gibraltar awards an Advance Works Contract
for its Wastewater Treatment Plant
Modern Water plc (AIM:MWG), the owner of leading technologies
for water and wastewater treatment and for the monitoring of water
quality, is pleased to announce significant progress on the
Wastewater Treatment Project in Gibraltar, first announced on 6
October 2014.
H.M Government of Gibraltar has today awarded an Advance Works
Contract to the joint venture (the "Joint Venture") between Modern
Water and NWG Commercial Services Limited ("Northumbrian Water"),
which covers the design and survey work required for final planning
and environmental approvals as well as preliminary site works.
These are the final steps before work can commence on the
overall project, which is for the design, build and operation of a
wastewater treatment plant, capable of treating urban wastewater as
well as storm flows for the entire population of Gibraltar.
As previously announced, following a formal tender process, the
Joint Venture was appointed preferred bidder for the project in
October 2014. Modern Water is responsible for the design and build
portion of the contract, which has an aggregate tender value to
Modern Water of approximately GBP22 million. On completion,
Northumbrian Water will be responsible for the operation and
maintenance of the plant for 20 years.
Simon Humphrey, Modern Water's CEO, said: "We are delighted to
announce such a significant step towards delivering this important
project for the people of Gibraltar. Together with our partners at
Northumbrian Water, we now look forward to working closely with the
Government of Gibraltar to finalise the main Design, Build and
Operate contract."
Commenting on the project, The Hon Prof. John Cortes - Minister
for Education, Heritage, the Environment, Energy and Climate
Change, said: "I am delighted to be able to announce this important
step forward for this vital project, which honours the commitment
made by this government. On a personal note, as an
environmentalist, I take huge pride in being a part of leading the
further development of Gibraltar's environmental credentials and
the delivery of Gibraltar's wastewater treatment works."
--Ends--
For further information:
Modern Water plc +44 (0) 1483 696 000
Simon Humphrey, Chief Executive
WH Ireland Limited +44 (0) 207 220 1666
Chris Fielding (Nominated Adviser)
Tavistock +44 (0) 207 920 3150
Andrew Dunn
James Collins
Notes to editors:
Modern Water owns, installs and operates advanced membrane
systems using it's world-leading membrane technologies; and
develops and supplies advanced systems for water monitoring. Its
shares trade on the Alternative Investment Market of the London
Stock Exchange.
www.modernwater.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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