Galliford Try PLC
11 November 2003
11 November 2003
GALLIFORD TRY SECURE FURTHER NHS LIFT CONTRACTS
VALUED IN EXCESS OF £92 MILLION
Galliford Try plc, the construction and housebuilding group, today announced
that, as part of the gbconsortium, it has been named as the preferred private
sector partner for two further NHS Local Improvement Finance Trust (LIFT)
projects for Liverpool and Sefton LIFT and Barnet, Enfield and Haringey LIFT,
worth an initial combined value to Galliford Try of £92 million.
Liverpool and Sefton LIFT (£60 million)
The contract value for the first phase is worth £20 million with work taking
place between March 2004 and August 2005. The second phase, which is expected
to commence mid 2004 and end in mid 2007, is valued at around £40 million. The
first project will be the construction of the West Everton Healthy Living Centre
in Everton.
Barnet, Enfield and Haringey LIFT (£32 million)
The contract value for the first phase is worth £32 million over three to four
years, with the potential to significantly increase the number of schemes and
contract value over further phases. The initial projects will be a primary care
centre in Barnet and a health centre in Enfield.
These contract wins follow an announcement made in early October that Galliford
Try had won its first LIFT related project for Coventry Primary Care Trust with
an initial contract value of £42 million over approximately two years.
David Calverley, Chief Executive of Galliford Try commented:
'Galliford Try has been developing its business in the public and regulated
sectors, with health as one of its key growth markets. We are delighted to have
been named as the preferred partner for these two projects which, together with
the recent announcement of the Coventry LIFT programme, reinforces our
partnering strategy in this sector and clearly demonstrates our expertise.'
- ends -
For further information:
Ann marie Wilkinson/James Chandler
Beattie Financial
020 7398 3300
Notes to Editors
LIFT
LIFT (Local Improvement Finance Trusts) are the government's vehicle for
attracting private sector finance and expertise to developing primary care
centres. 42 LIFT companies will be set up across the country as joint ventures
between Primary Care Trusts (20%), the private sector (60%) and Partnerships for
Health (20%) a Government backed organisation leading the roll out of LIFT
projects.
This information is provided by RNS
The company news service from the London Stock Exchange
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