Morgan Sindall Group PLC Morgan Sindall JV secures £136m M62 contract (2618K)

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RNS Number : 2618K

Morgan Sindall Group PLC

13 July 2011

Morgan Sindall JV secures GBP136 million M62 contract

Morgan Sindall Group plc, the construction and regeneration group, today announces that the bmJV joint venture, in which Morgan Sindall, its construction and infrastructure division, and BAM Nuttall each hold a 50 per cent stake, has been awarded a GBP136 million contract to upgrade the M62 motorway to alleviate traffic congestion.

The contract is part of the Highways Agency's four-year National Major Projects Framework to deliver Managed Motorways across England. bmJV secured a place on the GBP2 billion framework in February 2010.

The M62 works will take place between junctions 25 and 30. Work will include adapting sections of the hard shoulder with resurfacing and drainage improvements for use as either permanent or peak period additional lanes.

Work is due to start in the last quarter of 2011 and to be completed in 2013-14.

Paul Smith, Chief Executive of Morgan Sindall Group plc, said:

"This award underlines our strength in the highways sector, where we have an excellent track record and are already delivering a range of projects to modernise the motorway network in the UK.

"It also highlights the value of securing positions on major frameworks, which help to provide visibility and security of earnings."

ENDS

Notes to Editors:

Morgan Sindall Group

Morgan Sindall Group plc is a leading UK construction and regeneration group with revenue of over GBP2 billion and which operates through five divisions of construction and infrastructure, affordable housing, fit out, urban regeneration and investments.

Morgan Sindall

Morgan Sindall is a UK construction, infrastructure and design business with a national network of offices. The company works for private and public sector customers on projects from GBP50,000 to over GBP500 million. Activities range from small works and repair and maintenance, to the design and delivery of complex construction and engineering projects where it is able to provide specialist design, tunnelling, utilities, building, civil engineering and mechanical and electrical services. The company operates across the commercial, defence, education, energy, healthcare, industrial, leisure, retail, transport, waste and water sectors.

ENQUIRIES:

Morgan Sindall Group plc Tel: 020 7307 9200

Paul Smith, Chief Executive

David Mulligan, Finance Director

Blythe Weigh Communications Tel: 020 7138 3204

Tim Blythe Mobile: 07816 924626

Paul Weigh Mobile: 07989 129658

This information is provided by RNS

The company news service from the London Stock Exchange

END

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