Re Contract (7272R)

TIDMCLLN

RNS Number : 7272R

Carillion PLC

09 November 2011

9 November 2011

Carillion selected for support services contracts by Fulcrum and National Grid, worth approximately GBP450 million.

Leading support services company, Carillion, has signed a five-year framework contract to provide gas and multi-utility services for Fulcrum, potentially worth GBP70 million. Carillion, in joint venture with Eltel Networks, has also been selected as the preferred bidder by National Grid to provide refurbishment and upgrade services for its 400kV overhead transmission network in England and Wales, potentially worth up to GBP375 million over five years.

Under the framework contract with Fulcrum, which will commence immediately, Carillion will deliver gas and multi-utility connections across the North of England, North & Central Wales, West Midlands, East Midlands and East Anglia. This success further enhances Carillion's position as one of the largest providers of gas connection services in the UK.

Carillion-Eltel Networks, a 50:50 partnership, will work in alliance with National Grid under a framework agreement to deliver overhead line transmission services, which are potentially worth up to some GBP375 million over five years and form part of National Grid's GBP22 billion investment programme. The main contract will commence in April 2012, with the volume of work allocated to the Joint Venture increasing annually, subject to performance.

Carillion Chief Executive, John McDonough, said: "We are delighted to have been selected to deliver these key services for Fulcrum and National Grid that further underpin our strong order book and pipeline. The contract for Fulcrum enhances Carillion's position as one of the largest providers of gas connection services in the UK and our selection as the preferred bidder to deliver overhead line services for the National Grid underlines the strength of Carillion's offering as a leader in this market sector. We look forward to working with Fulcrum and in alliance with National Grid to deliver these important programmes."

For more information

John Denning, Director Group Corporate Affairs, Carillion plc + 44 (0) 1902 316426

Finsbury

James Murgatroyd or Gordon Simpson +44 (0) 207 2513801

Notes to Editors

Carillion is a leading support services company with a substantial portfolio of Public Private Partnership projects and extensive construction capabilities. The Group had annual revenue in 2010 of GBP5.1 billion, employs around 50,000 people and operates across the UK, in the Middle East and Canada. The Group has four business segments.

Support services - this includes facilities management, facilities services, energy services, utility services, road maintenance, rail services and consultancy services.

Public Private Partnership (PPP) projects - this includes our investing activities in PPP projects in our chosen sectors of Defence, Health, Education, Transport, Secure and other Government accommodation.

Middle East construction services - this includes our building and civil engineering activities in the Middle East.

Construction services(excluding the Middle East) - this includes building, civil engineering and our development activities in the UK and our construction activities in Canada.

This and other Carillion news releases can be found at www.carillionplc.com

This information is provided by RNS

The company news service from the London Stock Exchange

END

CNTLLFVRLALTIIL

Carillion (LSE:CLLN)
Historical Stock Chart
From Jun 2024 to Jul 2024