Construction Contract Wins

Galliford Try PLC 11 November 2003 11 November 2003 GALLIFORD TRY SECURE FURTHER NHS LIFT CONTRACTS VALUED IN EXCESS OF £92 MILLION Galliford Try plc, the construction and housebuilding group, today announced that, as part of the gbconsortium, it has been named as the preferred private sector partner for two further NHS Local Improvement Finance Trust (LIFT) projects for Liverpool and Sefton LIFT and Barnet, Enfield and Haringey LIFT, worth an initial combined value to Galliford Try of £92 million. Liverpool and Sefton LIFT (£60 million) The contract value for the first phase is worth £20 million with work taking place between March 2004 and August 2005. The second phase, which is expected to commence mid 2004 and end in mid 2007, is valued at around £40 million. The first project will be the construction of the West Everton Healthy Living Centre in Everton. Barnet, Enfield and Haringey LIFT (£32 million) The contract value for the first phase is worth £32 million over three to four years, with the potential to significantly increase the number of schemes and contract value over further phases. The initial projects will be a primary care centre in Barnet and a health centre in Enfield. These contract wins follow an announcement made in early October that Galliford Try had won its first LIFT related project for Coventry Primary Care Trust with an initial contract value of £42 million over approximately two years. David Calverley, Chief Executive of Galliford Try commented: 'Galliford Try has been developing its business in the public and regulated sectors, with health as one of its key growth markets. We are delighted to have been named as the preferred partner for these two projects which, together with the recent announcement of the Coventry LIFT programme, reinforces our partnering strategy in this sector and clearly demonstrates our expertise.' - ends - For further information: Ann marie Wilkinson/James Chandler Beattie Financial 020 7398 3300 Notes to Editors LIFT LIFT (Local Improvement Finance Trusts) are the government's vehicle for attracting private sector finance and expertise to developing primary care centres. 42 LIFT companies will be set up across the country as joint ventures between Primary Care Trusts (20%), the private sector (60%) and Partnerships for Health (20%) a Government backed organisation leading the roll out of LIFT projects. This information is provided by RNS The company news service from the London Stock Exchange
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