Re Contract

RNS Number : 3745Q

Carillion PLC

14 October 2013

 

14 October 2013

Carillion teams up with major Chinese company to deliver Manchester's £800 million

Airport City

Manchester Airports Group (MAG) has selected a consortium comprising Carillion, Beijing Construction Engineering Group (BCEG) and the Greater Manchester Pension Fund (GMPF) as its partner to deliver the Airport City development at Manchester Airport.  Argent (Property Development) Services will be appointed by the joint venture as development manager for the scheme.

Airport City is one of the largest regeneration schemes in the UK since the Olympics redevelopment in East London.  It will provide 5m sq ft of development, including offices, hotels, advanced manufacturing, logistics and warehousing, with an estimated value of £800m.  Airport City will be the core element of the Government-designated Enterprise Zone at the heart of which is Manchester Airport, the UK's third busiest airport.  A key objective of the Enterprise Zone is to help attract international businesses and to create an additional 16,000 jobs for the North West of England.

The consortium will start work immediately and the project is scheduled for completion over the next 15 years.  Carillion expects to invest up to £12 million of equity in the development, as well as delivering up to £580 million of construction work. 

Commenting, Carillion Chief Executive, Richard Howson, said: ''We are delighted to have been selected as a member of the consortium that will deliver this prestigious development, which reflects our reputation for quality and reliability and our success in building strong long-term relationships with our partners and customers.  We look forward to working with MAG to deliver Airport City, which will further enhance Manchester's position as one of the premier airports in the world."

For more information

John Denning, Director Group Corporate Affairs, Carillion plc                      + 44 (0) 1902 316426

Finsbury

James Murgatroyd or Gordon Simpson                                                    [phone]

Notes to Editors

Carillion is a leading integrated support services company with a substantial portfolio of Public Private Partnership

projects and extensive construction capabilities.  The Group had annual revenue in 2012 of some £4.4 billion, employs around 40,000 people and operates across the UK, in the Middle East and Canada. 

The Group has four business segments:

Support services - this includes facilities management, facilities services, energy services, utility services, road

maintenance, rail services and consultancy services.

Public Private Partnership (PPP) projects - this includes investing activities in PPP projects for Government buildings and infrastructure, mainly in the Defence, Health, Education, Transport and Secure accommodation sectors.

Middle East construction services - this includes building and civil engineering activities in the Middle East.

Construction services(excluding the Middle East) - this includes building, civil engineering and developments activities in the UK and construction activities in Canada.

This and other Carillion news releases can be found at www.carillionplc.com

 

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