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RNS Number : 5132R

Morgan Sindall Group PLC

12 December 2016

12 December 2016

Morgan Sindall Group plc

Morgan Sindall Group announces cGBP750m of infrastructure contract awards

Morgan Sindall Group plc, the construction and regeneration group, today announces the award of three major infrastructure contracts. Together, these contracts are worth cGBP750m to its Infrastructure business, reported within its Construction & Infrastructure division.

The first award is a five-year contract extension to the Infrastructure Strategic Alliance (ISA) which was originally awarded in joint venture in 2012 to provide essential infrastructure assets to the next phase of the Sellafield site in Cumbria. The contract then was for an initial five year period with an option to extend for a further ten years, with a potential total value of up to GBP1.1bn over the contract period. The extension takes the contract through to 2022.

The second award is an extension to its contract with Heathrow Airport, which was initially awarded to the division in 2014 to deliver a GBP3bn programme of upgrades alongside four partners. The extension now takes the contract through to 2020.

Both of these awards follow the appointment, in joint venture, to London Underground's GBP350m 'Future Stations' Civils and Tunnelling Works framework which will be delivered over an eight-year period and commences immediately.

John Morgan, Chief Executive of Morgan Sindall Group plc, commented:

"Morgan Sindall Group has a strong track record in complex infrastructure projects and we see further growth opportunities in this area. We are delighted to be involved in delivering these exciting schemes and the awards evidence the good momentum we are seeing across our business. "

ENDS

Note to Editors

Morgan Sindall Group

Morgan Sindall Group plc is a leading UK construction and regeneration group with revenue of cGBP2.4 billion and which operates through six divisions of Construction & Infrastructure, Fit Out, Property Services, Partnership Housing, Urban Regeneration and Investments.

 
 Morgan Sindall Group   Tel: 020 7307 
  John Morgan            9200 
  Steve Crummett 
 
  Brunswick 
  Jonathan Glass         Tel: 020 7404 
  Alison Kay             5959

This information is provided by RNS

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December 12, 2016 02:00 ET (07:00 GMT)

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