10th Nov 2014 07:30
LONDON (Alliance News) - Carillion PLC Monday said it has been selected by the UK Highways Agency as one of five contractors that will deliver highway schemes with values between GBP100 million and GBP450 million.
The agency is planning to invest some GBP5 billion in England's motorways and A roads over the next five years, and the collaborative framework deals it is awarding to contractors to undertake the work is the largest the agency has ever awarded.
"Of the GBP5 billion of planned investment, approximately GBP2.7 billion will be spent on schemes valued at between GBP100 million and GBP450 million. As one of five contractors appointed to deliver these schemes, Carillion expects to generate up to some GBP500 million of revenue from the Framework over the five year period," Carillion said in a statement.
By Steve McGrath; [email protected]; @stevemcgrath1
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