REG - Galliford Try PLC - Contract

Galliford Try HoldingsAnnouncement

10/10/2019 07:00

RNS Number : 3531P
Galliford Try PLC
10 October 2019
 


GALLIFORD TRY SECURES £340 MILLION WORTH OF WATER FRAMEWORKS
 
Galliford Try plc, announces that its Water business has been appointed to AMP7 frameworks worth approximately £340m to the company.
 
Galliford Try has been appointed by Southern Water as Delivery Partner for two of its design and build frameworks. Starting in 2020 and running for five years, they have a total value of £425m and Galliford Try's share of the business is anticipated to be worth approximately £240m. The value of the contract is subject to the final determination of Southern Water's business plan from Ofwat.
 
The frameworks cover capital investment schemes such as water and wastewater treatment works, upgrades in the western region in joint venture with Black & Veatch, as well as network schemes including pipelines and pumping stations in both the western and eastern regions in joint venture with Morrison Utility Services.
 
Galliford Try has also been appointed to Yorkshire Water's AMP7 frameworks. The total value of the frameworks is £1bn and Galliford Try expects to secure about £100m of work over the five-year term. There is scope for a three-year extension. Working with design partner GHD, Galliford Try has been allocated to the 'complex civils' framework covering the design, build and refurbishment of clean and wastewater treatment assets, reservoirs and pumping stations.
 
Graham Prothero, Chief Executive of Galliford Try plc, commented: "The Water sector is a key strategic focus for our construction business as set out in our recent results. We are delighted to have been appointed to these frameworks having established an excellent relationship with Southern Water and Yorkshire Water over previous AMPs. We look forward to working with them to improve the service they provide to their customers."
 
 
For further enquiries please contact:
 
Galliford Try
 



Graham Prothero, Chief Executive
Andrew Duxbury, Finance Director
Kevin Corbett, General Counsel & Company Secretary


01895 855001



 
 
Galliford Try plc is a leading UK housebuilding, regeneration and construction group. It is listed on the London Stock Exchange and a member of the FTSE 250. Housebuilding - through our Linden Homes business - develops private and affordable homes in prime locations. Galliford Try Partnerships - our regeneration business - delivers mixed-tenure solutions working with housing association, local authority and private sector partners. Operating as Galliford Try and Morrison Construction, our Construction business carries out building and infrastructure with clients in the public, private and regulated sectors. At the end of the last financial year to 30 June 2019, the Group generated revenue of £2.8bn.
 
 
10 October 2019




This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
END
 
 
CNTEKLFBKBFXFBD