16th Jun 2014 08:16
LONDON (Alliance News) - WYG PLC Monday said it has been appointed to a framework agreement with the UK's Ministry of Defence, and will provide a range of technical and advisory services relating to the MOD's 230,000 hectare estate in the country.
The company didn't provide any financial details about the deal, but said the framework is for an initial four-year term with the possibility of a three-year extension.
Under the framework agreement, WYG will support the delivery of a variety of facilities including storage depots, laboratories, barracks, dockyards, airfields, fuel stores, communication centres, training, medical and leisure facilities on the MOD's estate.
"Since March 2011 we have been working on the Regular Army Basing Programme: first assessing the capacity of the defence estate to absorb the return of all 20,000 British troops from Germany and now advising on implementing the extensive changes required to ensure that this happens smoothly and cost-effectively by 2020," WYG Chief Executive Paul Hamer said in a statement.
WYG shares last traded at 115 pence a share.
By Steve McGrath; [email protected]; @SteveMcGrath1
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