Carillion PLC Re Contract (7128Z)
December 15 2014 - 2:00AM
UK Regulatory
TIDMCLLN
RNS Number : 7128Z
Carillion PLC
15 December 2014
15 December 2014
Carillion consortium achieves financial close on GBP550 million
Aberdeen Western Peripheral Route/Balmedie to Tipperty project
Further to the announcement made by Carillion on 12 June that
Connect Roads consortium, now known as Aberdeen Roads Limited,
comprising Carillion, Balfour Beatty and Galliford Try, had been
appointed as the preferred bidder to finance, design build and
operate the Aberdeen Western Peripheral Route/Balmedie to Tipperty
Project (AWPR/B-T), Carillion announces today the consortium has
now achieved financial close on this project.
The project, which is estimated to be worth in the region of
GBP550 million, is being delivered in partnership with Transport
Scotland, Aberdeen City Council and Aberdeenshire Council and is
being procured under the Scottish Government's Non-Profit
Distribution (NPD) model.
Carillion expects to invest up to GBP20 million of equity (one
third share) in the project and to have a one third share of the
construction revenue. Following the completion of construction in
winter 2017, the route will be managed and maintained by Aberdeen
Roads Limited for 30 years.
Carillion Chief Executive, Richard Howson said: "We are
delighted that our consortium has achieved financial close on the
Aberdeen Western Peripheral Route/Balmedie to Tipperty project,
which is the largest of its kind in Scotland to date. The project
is firmly in line with Carillion's selective approach to
construction, namely of focusing on large, high quality projects,
notably those involving integrated solutions. We look forward to
working closely with Transport Scotland, Aberdeen City Council and
Aberdeenshire Council to deliver this major improvement to the
transport network around Aberdeen."
Notes to Editors
Carillion is a leading integrated support services company with
a substantial portfolio of Public Private Partnership projects and
extensive construction capabilities. The Group had annual revenue
in 2013 of some GBP4.1 billion, employs around 40,000 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
investing activities in PPP projects for Government buildings and
infrastructure, mainly in the Defence, Health, Education, Transport
and Secure accommodation sectors.
Middle East construction services - this includes building and
civil engineering activities in the Middle East.
Construction services (excluding the Middle East) - this
includes building, civil engineering and developments activities in
the UK and construction activities in Canada.
This and other Carillion news releases can be found at
www.carillionplc.com
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
This information is provided by RNS
The company news service from the London Stock Exchange
END
CNTLFFVLFRLSLIS
Carillion (LSE:CLLN)
Historical Stock Chart
From Jun 2024 to Jul 2024
Carillion (LSE:CLLN)
Historical Stock Chart
From Jul 2023 to Jul 2024