Re Contract

RNS Number : 4135J

Galliford Try PLC

12 June 2014

 



GALLIFORD TRY CONSORTIUM APPOINTED PREFERRED BIDDER FOR ABERDEEN WESTERN PERIPHERAL ROUTE / BALMEDIE TO TIPPERTY PROJECT

Galliford Try plc, the housebuilding and construction group, announces that the bid consortium of which it is a member, Connect Roads, has been selected as preferred bidder for the design, build, finance and operation (DBFO) of the Aberdeen Western Peripheral Route / Balmedie to Tipperty Project.

The Connect Roads consortium comprises the Group's investment company, Galliford Try Investments, its Scottish infrastructure business, Morrison Construction, and the investment and construction arms of both Balfour Beatty plc and Carillion plc.

The project, estimated to be in the region of £745 million, is being delivered in partnership by Transport Scotland, Aberdeen City Council and Aberdeenshire Council. It includes the design and construction of 46km of new dual carriageway between Stonehaven and Charleston in the south, and Blackdog in the north, and a further 12km of upgraded existing dual carriageway between Blackdog and Tipperty. The contract also encompasses the construction of 40 kilometres of new side roads, 30 kilometres of access tracks and 76 new bridges including two significant focal point bridges over the rivers Dee and Don.

After completion of construction in 2018, the trunk road assets will be managed and maintained by Connect Roads for 30 years.

Galliford Try Chief Executive Greg Fitzgerald stated: "We are delighted to be involved with our consortium partners to deliver this hugely significant infrastructure project - the largest highways project to be undertaken under the Scottish Government's non-profit distributing model - which will considerably improve the transport network around Aberdeen. Galliford Try has a strong presence in Scotland through Morrison Construction and today's preferred bidder award 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."

Construction is due to start later this year with completion expected in Spring 2018.

For further enquiries:

Galliford Try -                 Greg Fitzgerald, Chief Executive              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 and Galliford Try Partnerships brands - 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 2013, the Group generated revenues of £1.5 billion.

The Scottish Government's Non-Profit Distributing (NPD) model is a contract for public infrastructure projects which seeks to cap the returns made by the private sector when delivering public assets. The contract model is being used for projects in a £2.5 billion programme of investment by the Scottish Government (the NPD pipeline).

 

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