BEAR SCOTLAND WINS CONTRACT WORTH UP TO £720M

RNS Number : 1096H

Breedon Group PLC

23 March 2020

 

News release

23 March 2020

BREEDON GROUP'S ASSOCIATE, BEAR SCOTLAND, WINS

SCOTTISH TRUNK ROADS MAINTENANCE CONTRACT

WORTH UP TO £720M

Breedon Group plc, the leading construction materials group in Great Britain and Ireland, notes the announcement by its associate company BEAR Scotland Limited, a leading integrated services provider in road maintenance, that it has been confirmed by Transport Scotland as the Operating Company for the new Network Management Contract to manage and maintain Scotland's South East Trunk Road Unit, an eight-year contract with an option to extend for up to a further four years estimated to be worth up to £720 million.

The news means that BEAR takes responsibility for overseeing the 314 miles of trunk roads across the South East of Scotland from 16 August 2020 until 2028 with a possible four-year extension to 2032.  For the first time the South East Unit includes the iconic Queensferry Crossing and Forth Road Bridge, which was previously a separate contract.  The new contract also takes into account the renewed focus on climate change and sustainability targets

Alan Mackenzie, Managing Director of Breedon Northern, commented: "We are delighted with this news.  It reinforces BEAR's reputation for high-quality service and we look forward to supporting them as a materials supplier in the coming years as they work with Transport Scotland to repair and maintain the region's roads, which are vitally important to the regional economy."

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For further information:

Breedon Group plc	01332 694010
Pat Ward, Group Chief Executive Rob Wood, Group Finance Director
Stephen Jacobs, Head of Communications	07831 764592
Cenkos Securities plc (Nomad & joint broker)	020 7397 8900
Max Hartley
Numis Securities ( Joint broker )	020 7260 1000
Heraclis Economides, Ben Stoop
Teneo (Public Relations Adviser to Breedon)	020 7420 3180
Matt Denham Rachel Miller

NOTES TO EDITORS:

BEAR Scotland is a leading provider of road maintenance services in Scotland. Services include design and asset management capabilities, together with traditional maintenance operations to allow it to offer fully integrated service solutions to clients.  BEAR Scotland has worked with Transport Scotland maintaining various contracts on the Scottish Trunk Road Network since 2001 . 

Breedon Group plc is a leading vertically-integrated construction materials group in Great Britain and Ireland.  It operates two cement plants and an extensive network of quarries, asphalt plants and ready-mixed concrete plants, together with slate production, concrete and clay products manufacturing, contract surfacing and highway maintenance operations.  The Group employs nearly 3,000 people and has nearly 900 million tonnes of mineral reserves and resources.  Its strategy is to continue growing organically and through the acquisition of businesses in the heavyside construction materials market.

Breedon holds a 37.5 per cent shareholding in BEAR Scotland together with Eurovia UK and Jacobs.

 

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