WYG Plc EU-financed Contract Wins
January 26 2017 - 2:01AM
RNS Non-Regulatory
TIDMWYG
WYG Plc
26 January 2017
26 January 2017
WYG plc
("WYG" or "Company")
EU-financed Contract Wins
WYG, the global project management and technical consultancy, is
pleased to announce it has recently been awarded a number of
significant new EU-financed contracts in its international
development markets worth more than EUR17m to WYG over the next 4
years, as follows:
-- Financed from the General Budget of the European Union under
the instrument for Pre-Accession Assistance (IPA) II, WYG is a 31%
participant in a consortium led by Mott Macdonald which has been
awarded a contract with an overall value of EUR7m over 4 years to
contribute to the development of a regional energy market and
extension of the electricity, gas and transport networks in the
Western Balkans region and its connectivity with the EU. The
consortium will provide technical and advisory assistance for the
preparation of investment projects in the transport and energy
sectors, including studies, design and procurement. There is
potential for this project (known as CONNECTA) to be extended in
duration and scope up to a value in excess of EUR20m.
-- In Turkey, where cash collection (including receipts from key
global price contracts) has improved as expected, WYG's market
leading business has been awarded three new EuropeAid projects with
a combined value to the Company of EUR5.5m - these include projects
in our specialist fields of water and enterprise development.
-- WYG has also been awarded a EUR3.6m project to assist the
reform of Lebanon's National Social Security Fund, which is a
significant development in the drive to expand the reach of the
business in the Middle East.
-- In Africa, WYG has been successful in winning a number of new
projects including new public sector financial management contracts
and contract extensions in Somaliland and Gambia with a combined
total value of EUR2.6m.
-- In addition, WYG is partnering on a EUR3.6m project to
strengthen relations between the EU and Brazil, to support the
EU-Brazil Joint Action Plan 2015-2020.
Paul Hamer, Chief Executive Officer, said:
"We are delighted to be working with our consortium partners on
CONNECTA, which expands our longstanding programme of work on
critical infrastructure and development in the Western Balkans
beyond the Infrastructure Projects Facility.
"Our continuing successes with the EU in Turkey, Africa and the
Middle East demonstrate that there is a vital role for our
technical expertise in international development. We continue to
see a high quality pipeline of commercially attractive
opportunities being tendered. Our well-established local operations
in Europe, the Middle East and Africa together with our strong UK
base and proven ability to deliver complex social programmes, means
that we are well placed to extend our record of growth in these
regions."
Contacts:
WYG plc Tel: 0113
Paul Hamer, Chief Executive Officer 278 7111
Iain Clarkson, Chief Financial Officer
MHP Communications Tel: 020
Katie Hunt / John Olsen / Ollie Hoare 3128 8794
N+1 Singer Tel: 020
Sandy Fraser / Nick Owen / James White 7496 3000
WH Ireland Limited Tel: 020
Tim Feather / Ed Allsopp 7220 1666
ENDS
NOTES TO EDITOR
About WYG
WYG is a leading programme, project management and technical
consultancy employing over 1,600 people and operating from more
than 50 locations across the UK, Europe, Africa, Asia and the
Middle East. We specialise in creating and managing strategic
assets for our clients. We engage with them in the early stages of
a project, and often continue to advise them throughout its
lifecycle.
Outside the UK, we have a strong, longstanding presence in a
number of EU member states and pre-accession countries. We are a
leader in international development, exporting our knowledge and
networks to undertake ambitious projects that make a positive
impact on infrastructure, socio-economic growth and the
environment. Our in-house expertise encompasses seven global
sectors: defence & justice, energy & waste, environment,
mining & metals, social development and infrastructure,
transport, and urban development. We also bring together a network
of more than 20,000 partners and associates from around the world.
This breadth of skills and knowledge allows us to provide a unique
integrated approach to solve complex challenges wherever in the
world our clients need us.
WYG plc's shares are traded on AIM, a market operated by the
London Stock Exchange.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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