Re Contract
August 21 2003 - 2:00AM
UK Regulatory
RNS Number:8820O
McAlpine (Alfred) PLC
21 August 2003
McALPINE WINS #85 MILLION
HIGHWAYS MANAGEMENT CONTRACT
Alfred McAlpine PLC, ("McAlpine"), the construction, infrastructure and business
services company, today announces that it has been awarded an #85 million,
long-term highway maintenance contract by Suffolk County Council.
McAlpine's Infrastructure Services business was awarded the public/private
partnership ("PPP") contract with Suffolk County Council to manage the county's
highway maintenance programme. It will work alongside Suffolk County Council's
in-house construction team, Suffolk Highways Contracting.
The contract is expected to generate #8-9 million of highway maintenance work
per year. It will commence in September 2003 and will last for an initial 4.5
year period and is extendable up to 9.5 years.
Ian Grice Chief Executive of McAlpine commented,
" This is another example of our success in building long-term revenue streams
within McAlpine. In our Infrastructure Services business over 80% of our
revenues now come from long-term contracts.
" We have been providing street-lighting maintenance services to Suffolk for
some time and this latest development demonstrates our ability to expand the
range of services we provide to our clients."
-ends-
Date: 21 August 2003
For further information contact:
Alfred McAlpine PLC www.alfred-mcalpine.com
Ian Grice, Chief Executive 020 7930 6255
City Profile
Simon Courtenay 020 7448 3244
This information is provided by RNS
The company news service from the London Stock Exchange
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