Carillion PLC Re Contract (8870B)
October 12 2015 - 2:00AM
UK Regulatory
TIDMCLLN
RNS Number : 8870B
Carillion PLC
12 October 2015
12 October 2015
Carillion wins new business worth some GBP1.7 billion since the
half year
Carillion has signed contracts, secured preferred bidder
positions and been awarded frameworks, worth some GBP1.7 billion,
since 30 June 2015. Within this total are a number of major
contract successes.
In UK infrastructure services, Carillion and Carillion joint
ventures have been selected by Network Rail for a number of
frameworks and Early Contractor Involvement contracts from which
Carillion expects to generate over GBP400 million of revenue. These
include the Midland Main Line Electrification project, which was
recently "unpaused" by the UK Government, the Northwest
Electrification project and the electrification of the Schotts line
in Scotland.
In UK Construction, Carillion has secured contracts and
preferred bidder positions that are expected to be worth GBP311
million. These include the recently announced A14 upgrade, which is
being delivered by a Carillion joint venture for Highways England
and which is expected to be worth some GBP146 million to Carillion,
together with preferred bidder positions for a GBP90 million
contract to build the Great Arundel Court development on London's
Embankment and a GBP75 million schools contract for Peterborough
City Council.
As announced on 11 August 2015, a Carillion joint venture has
been selected as the preferred bidder for the Midland Metropolitan
Hospital Public Private Partnership (PPP) project in Birmingham
that is expected to generate over GBP600 million of revenue for
Carillion. In Canada, since the half year a Carillion joint venture
has been selected as the preferred bidder for the Stanton Hospital
PPP project in Northwest Territories, on which it has now reached
financial close: Carillion will invest approximately GBP4 million
of equity in this project, which is expected to generate total
revenue for Carillion of over GBP220 million. Also in Canada, a
Carillion joint venture has achieved financial close on the North
Battleford(1) PPP hospital in Saskatchewan, having been selected as
the preferred bidder for the project in the first half of 2015:
Carillion will invest approximately GBP4 million of equity in this
project, which is expected to generate total revenue for Carillion
of over GBP140 million.
In the Middle East, Al Futtaim Carillion, our joint venture
business in the UAE, has been selected as the preferred bidder for
two commercial development projects in Dubai, which are worth
approximately GBP90 million to Carillion.
Commenting, Carillion Chief Executive, Richard Howson, said: "As
we expected, the pace of work winning in the second half of the
year has started to pick up. Since the half year, we have secured
contracts, preferred bidder positions and framework agreements that
are expected to be worth around GBP1.7 billion. With cash flow
remaining healthy and these recent contract successes, we remain
confident of achieving this year's targets, including ending the
year with strong revenue visibility for 2016."
(1) North Battelford Hospital was classified as a probable order
at 30 June 2015
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 2014 of some GBP4.1 billion, employs around 46,000 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 businesses in the UK,
Canada and the Middle East.
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
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