Re Contract

RNS Number : 8151I

Galliford Try PLC

05 June 2014

 



GALLIFORD TRY ANNOUNCES MIDLANDS HIGHWAY ALLIANCE FRAMEWORK AWARD

Galliford Try plc, the housebuilding and construction group, announces that its Infrastructure business has been appointed as a framework contractor to both Lots 1 and 2 of the Midlands Highway Alliance framework. The Midlands Highway Alliance is the regional highways maintenance procurement partnership established in 2007 between 20 local authorities in the Midlands, and the Highways Agency.

The framework lots have a current project combined value of up to £261 million to the appointed contractors, over the initial three year framework term. The Midlands Highway Alliance retains an option to extend the framework for a further year in March 2017.

Lot 1 of the framework comprises projects with a capital value of up to £5 million, expected to total £70 million over the framework lifecycle. Lot 2 extends to all projects between £5 and £25 million, with a total pipeline of up to £191 million.

The framework programme will encompass delivery of the whole lifecycle of road projects on behalf of the relevant authorities, specifically road reconfigurations, resurfacing, waterproofing, enabling works, and design and delivery of new bridges and carriageways.

The Group anticipates that it will be allocated works with a total value of £81 million under both framework lots, projects completed under Lot 2 will be completed in joint venture with Aggregate Industries, the international construction materials group.

Galliford Try Chief Executive Greg Fitzgerald commented: "We are delighted to have been appointed to this key framework for the first time. We already have a strong track record in both highways and construction, particularly in the Midlands where we are currently progressing the £52 million A45/A46 Tollbar End Improvement project. This new framework appointment is an outstanding opportunity to build on that success."

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.

 

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