£750m Network Rail framework (2237M)

TIDMMGNS

RNS Number : 2237M

Morgan Sindall Group PLC

11 August 2011

Morgan Sindall JV secures position on GBP750m Network Rail framework

Morgan Sindall Group plc, the construction and regeneration group, today announces that the Colas Rail Morgan Sindall joint venture has been appointed to carry out works under Network Rail's Enhancements Multi Asset Framework Agreement (MAFA) to improve rail infrastructure in one of the five regions that make up the UK rail network.

The Colas Rail Morgan Sindall joint venture will deliver all works on the Western route, an area between Paddington, the west of England and South Wales. Running until April 2014, the anticipated revenue for this framework is circa GBP200 million and will involve a range of civil engineering, track and signalling projects.

This win follows the Colas Rail Morgan Sindall joint venture's initial appointment to Network Rail's MAFA framework in 2009 which is responsible for the management and delivery of infrastructure works including civils, electrification, power signalling, telecommunications and track.

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

"We are very pleased to have secured this framework which gives us the opportunity to further develop our relationships with Network Rail and Colas Rail. The rail sector is set to expand and our expertise in the area leaves us well placed to benefit from this growth."

Ends

Notes to Editors:

Morgan Sindall Group plc

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 network of local 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

CNTBSGDIDBBBGBB

Morgan Sindall (LSE:MGNS)
Historical Stock Chart
From Jun 2024 to Jul 2024