Gleeson(M J)Group PLC
12 September 2000
£350M AWARDS CONSOLIDATE GLEESON AS TOP WATER CONTRACTOR
M J Gleeson Group plc, the construction, housebuilding
and property group, announces that West of Scotland Water
has awarded the contract for the Loch Katrine water
supply scheme to Stirling Water, the consortium made up
of Gleeson, Thames Water and Montgomery Watson. The
estimated value of the project is £75m.
Gleeson has also been awarded two long-term partnering
contracts by North of Scotland Water Authority having an
estimated combined value of more than £37m.
The latest awards consolidate Gleeson's position as the
leading contractor to the UK water industry. Already
this year it has secured or renewed partnering agreements
of between three and five years with Thames Water, South
West Water and Yorkshire Water and become a framework
contractor for Northumbria Water. Together with the two
Scottish projects, they will generate turnover of over
£350m for Gleeson. Approximately 80 per cent of
Gleeson's construction turnover is currently on a
partnership basis, thus reducing risk.
The West of Scotland contract is to improve the water
supply to Glasgow, principally from Loch Katrine (which
is situated some 30 miles North of Glasgow, just to the
East of Loch Lomond), to comply with the Water Supply
(Water Quality) Scotland Regulations 1990. It will
entail the provision of new treatment facilities due for
completion by June 2005.
For the first of the two North of Scotland Water
Authority contracts, Gleeson is one of three framework
contractors for the Water Quality Undertakings Programme,
and will deliver a programme of projects worth more than
£31-million by the end of 2006. Covering a central area
which includes Tayside, Grampian and an area south of
Inverness, the programme includes improvements to seven
major treatment works and 17 rural treatment works.
In the second contract, Gleeson will work on two sections
of the Small Town and Rural Waste Water Treatment
Programme, known as Grampian Island and Coastal, to
develop solutions with the client for improvements to
eight inland works and four coastal works in
Aberdeenshire. Worth over £6-million, the contract will
be completed by March 2004.
Enquiries:
M J Gleeson Group plc 020-8644 4321
Dermot Gleeson (Executive Chairman)
Bankside Consultants Limited 020-7220 7477
Charles Ponsonby
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