North Midland Construction PLC Contract Win (8382H)
June 13 2017 - 2:00AM
UK Regulatory
TIDMNMD
RNS Number : 8382H
North Midland Construction PLC
13 June 2017
North Midland Construction PLC
13 June 2017
North Midland Construction PLC ("North Midland Construction" or
the "Group")
Contract Win
North Midland Construction is pleased to announce the award of a
new joint venture infrastructure contract for Severn Trent Water on
the Birmingham Resilience Project worth in excess of GBP100m. The
scheme will commence on site in Q3 2017 and will be delivered over
the next 3 years.
As a result of this significant contract win, the results for
the year to 31 December 2017 are expected to be ahead of management
expectations. Shareholders should note that the contract value is
spread over the duration of the contract and will be split between
North Midland and its JV partner.
North Midland Construction Plc will perform the design and
construction of a new Water treatment plant at Frankley.
John Homer, Chief Executive of North Midland, said:
"This is a fantastic flagship project to be awarded with one of
our key customers and is a testament to the specialist capabilities
that our group have developed".
Enquiries
North Midland Construction PLC 01623 515 008
John Homer, Chief Executive
Dan Taylor, Finance Director
This information is provided by RNS
The company news service from the London Stock Exchange
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