WYG Plc Contract Win (9319G)
June 02 2017 - 2:00AM
UK Regulatory
TIDMWYG
RNS Number : 9319G
WYG Plc
02 June 2017
2 June 2017
WYG plc
("WYG" or "Company")
New Contract Wins
WYG, the global project management and technical consultancy, is
pleased to announce it has recently been awarded two major new
framework contracts with UK government agencies and a significant
new contract in Africa in its international development market.
Together, the contracts are estimated to be worth approximately
GBP50m to WYG over the next three years.
-- The UK Defence Infrastructure Organisation (DIO) is an arm of
the UK Ministry of Defence (MoD) and plays a vital role in
supporting our Armed Forces by building, maintaining and servicing
the UK's defence infrastructure. DIO is primarily responsible for
implementing the estate optimisation plan, the sale of sites
associated with that plan and, more broadly, investing in the
estate to make it more efficient and better able to support the
UK's military capability. Recently DIO decided to move to a
Regional Commissioning Model (RCM) and we are delighted to announce
that we have been appointed, under the DIO PSP UK framework, as
DIO's preferred Principal Support Provider (PSP) for new projects
in both the Central and Southern regions of the UK. The amendment
to our existing PSP framework is initially for one year but can be
extended in one year increments up to a maximum of three years. We
estimate that our expanded Delivery Partner role under the new
model could double our existing GBP12m per annum revenue in each of
the next three years.
-- The UK government's Crown Commercial Services GBP2.9bn
flagship framework provides central government customers and the
wider public sector with Project Management and Full Design Team
services to support their property and construction projects. WYG
has been included on this framework under three separate lots.
Projects will be secured as a result of mini-competitions or direct
awards in accordance with government procurement rules. The
framework is initially for two years though this can be extended in
one year increments up to a maximum of four years. We estimate that
the framework could be worth up to GBP3m per annum over the
duration of the framework.
-- In Southern Africa, the Climate Resilient Infrastructure
Facility (CRIDF), is a major donor funded programme which has been
operating since 2013 to improve the sustainable, equitable use of
Southern Africa's transboundary water resources. The facility aims
to capitalize the development of projects that increase the ability
of communities, policy makers and planners to cope with climate
extremes. By doing so, it aims to contribute to peaceful, climate
resilient and sustainable planning and management of Southern
Africa's shared waters, and generate current and future benefit for
the region's poorest. Initially, WYG will provide services with a
fee value of up to GBP5m over the next two years with the
likelihood that this will expand significantly.
Paul Hamer, Chief Executive Officer, said:
"These contract wins are testament to the range and quality of
our technical expertise both in Consultancy Services across the UK
and in our International Development business. They build our
strong track record in delivering major long term infrastructure
projects for the UK government and its major agencies.
"In a highly competitive environment, the award of two out of
three of the regions under DIO's Principal Support Provider
Regional Commissioning Model - covering all of England and Wales -
is particularly pleasing and confirmation that during our work for
the MoD over the past 25 years we have continually refreshed our
approach to help the MoD to deliver its operational capability.
International Development programmes such as CRIDF finance
hundreds of projects leveraging billions of pounds in
infrastructure investment and are vital components in enhancing the
prospects of peace, stability and security in fragile and conflict
affected states."
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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