Kier awarded up to £475m joint venture
For release at 0700 hours on 22 July 2015
Kier awarded up to £475m joint venture Smart Motorway contract
Kier Group plc ("Kier"), the leading property, residential, construction and services group, has secured one of Highways England's largest Smart Motorway Programme (SMP) contracts worth up to £475m, in a 50/50 joint venture with Carillion.
Awarded as part of the Collaborative Delivery Framework (CDF), the programme will be focused on the 19 mile stretch of the M6 running from Junction 16 to 19 and the M6 running from Junction 13 to 15, as well as the M20 between Junction 3 and 5 and the M23 from Junction 8 to 10.
The first phase of the contract on the M6 (J16-19), worth £129.5m, is due to begin in the autumn, with the other packages phased for delivery over the next four years. Final target costs for these tranches will be agreed with Highways England in due course.
The joint venture is one of three delivery partners for the Highways England Smart Motorway Programme and will be managed through a collaborative agreement designed to share industry knowledge and best practice. The programme will include a range of smart motorway technology including the testing of All Lane Running (ALR) and Advanced Directional Signage (ADR).
Haydn Mursell, chief executive of Kier, said: "Investment into the transport infrastructure sector is a key component of the National Infrastructure Pipeline, and this significant award is testament to Kier's growing presence in this arena. Our role in the Smart Motorway Programme extends Kier's capabilities into Highways England's capital expenditure programme, leveraging our expertise through the recent acquisition of Mouchel and illustrating the breadth of services that Kier can provide to clients in our core markets."
Ends
Contacts:
Kier press office: +44 (0) 1767 355 903 / +44 (0) 7791 719452
Faeth Birch/Daniela Fleischmann (Finsbury): +44 (0) 20 7251 3801
Notes to Editors
Kier Group is the UK's leading provider of asset management and maintenance in the combined strategic and local highways market. We deliver a range of services for Highways England Areas 1, 3, 9 and 13, in addition to other substantial contracts for clients including Transport for London and many major local authorities. Employing 22,000 people, with a turnover of over £4bn and an order book of £9.5bn, Kier has the financial strength and technical expertise to undertake some of the most significant construction, civil engineering and asset management contracts in the country.
For more information visit www.kier.co.uk
This information is provided by RNS
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