Re Contract

RNS Number : 6635Z

Galliford Try PLC

12 December 2014

 



GALLIFORD TRY REACHES AGREEMENT ON £550 MILLION ABERDEEN WESTERN PERIPHERAL ROUTE / BALMEDIE TO TIPPERTY PROJECT  

Galliford Try plc, the housebuilding and construction group, announces that, as part of Connect Roads, it has achieved financial close on the circa £550 million joint venture contract for the design, build, finance and operation (DBFO) of the Aberdeen Western Peripheral Route / Balmedie to Tipperty (AWPR / B-T) project.

The Connect Roads consortium, now known as Aberdeen Roads Limited, comprises the Group's Scottish infrastructure business, Morrison Construction and its investments division, Galliford Try Investments.  It will be supported by the investment and construction arms of both Balfour Beatty plc and Carillion plc.

The project is being delivered in partnership with Transport Scotland, Aberdeen City Council and Aberdeenshire Council.  After completion of construction in winter 2017, the trunk road assets will be managed and maintained by Aberdeen Roads Limited for 30 years.

Galliford Try Executive Chairman, Greg Fitzgerald stated:  "We are delighted to be involved with our consortium partners to deliver this hugely significant infrastructure project, which will considerably improve the transport network around Aberdeen.  Galliford Try plc has a strong presence in Scotland through Morrison Construction, who are also currently constructing the Queensferry Crossing, which is the largest infrastructure project in Scotland for a generation, as part of the Forth Crossing Bridge Constructors.  The AWPR / B-T gives us a further opportunity to demonstrate our technical expertise, our collaborative approach to working, and to strengthen our existing relationships with Transport Scotland and its partners Aberdeen City Council and Aberdeenshire Council." 

For further enquiries:

Galliford Try -                 Greg Fitzgerald, Executive Chairman       01895 855001

                                    Graham Prothero, Finance Director

Notes to Editors:

Galliford Try plc is a leading UK housebuilding and construction group. It is listed on the London Stock Exchange and a member of the FTSE 250. The housebuilding business - through its Linden Homes brand - sells distinctive homes to the public and affordable homes to housing associations and local authority providers.  The construction business carries out building and infrastructure work across the UK with clients ranging from major Government departments through to regulated utilities and private sector companies. At the end of the last financial year to 30 June 2014, the Group generated revenues of £1.8 billion. 

 

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