Carillion PLC Carillion selected as the preferred bidder (1391R)

TIDMCLLN

RNS Number : 1391R

Carillion PLC

07 December 2016

7 December 2016

Carillion Canada subsidiary selected as the preferred bidder for a power transmission contract worth approximately GBP120 million

Carillion Canada subsidiary, Rokstad, has been selected by Manitoba Hydro as the preferred provider for the next phase of its Bipole lll high-voltage transmission line project, which has an estimated revenue value of GBP120 million.

The project involves clearing rights of way, the installation of access roads, foundations and anchors, the assembly of towers and the stringing of cables for three packages of the Bipole lll project, which includes 1,384 km of transmission lines and two converter stations, starting at Keewatinohk in Northern Manitoba and ending at Sandy Bay Ojiway First Nation in Southern Manitoba. When the whole Bipole lll project is completed, it will deliver renewable energy to Southern Manitoba and to the United States.

We expect to agree final terms and achieve contract signature shortly to enable work to begin before the end of the year, with completion scheduled for 2018.

Carillion Group Chief Executive, Richard Howson, said: "We are delighted to have been selected for this important project, which further demonstrates the quality and strength of Rokstad's offering and the success of our strategy of expanding our infrastructure services activities in Canada into the power transmission and distribution market, with the acquisition of Rokstad in 2014."

Notes to Editors

Carillion is a leading integrated support services company with a substantial portfolio of Public Private Partnership projects, extensive construction capabilities and a sector leading ability to deliver sustainable solutions. The Group had annual revenue in 2015 of some GBP4.6 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, utilities services, road maintenance, rail services, remote site accommodation services and consultancy services 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 in the UK and Canada.

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.

www.carillionplc.com

For more information

John Denning, Director Group Corporate Affairs, Carillion plc +44 (0) 1902 906333

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

CNTLQLLBQLFBFBL

(END) Dow Jones Newswires

December 07, 2016 02:00 ET (07:00 GMT)

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