21st Dec 2009 07:00
Morgan Sindall plc
21st December 2009
Morgan Sindall led JV appointed preferred bidder for £417 million Thames Water tunnelling project
Morgan Sindall today announces that the MVB joint venture, comprising its infrastructure services business Morgan Est, VINCI Construction Grands Projets and Bachy Soletanche, has been appointed as preferred bidder to deliver the £417 million Lee Tunnel for Thames Water.
Morgan Est has a 50 per cent shareholding in the JV, VINCI has 30 per cent and Bachy 20 per cent.
The project involves the construction of a seven metre internal diameter storage transfer tunnel, which is approximately 6,900 metres long, from Abbey Mills Pumping Station to Beckton Sewage Treatment Works. Works include the construction of two, 25 metre internal diameter shafts and one 20 metre shaft (two at Beckton and one at Abbey Mills) and a 38 metre diameter off-line Tideway Pumping Station Shaft.
Work will start in April 2010 and the tunnel will be complete by the end of 2014 in order to comply with the Urban Waste Water Treatment Directive set by the European Union.
Paul Smith, Chief Executive of Morgan Sindall plc, said:
"This is a very important project for our infrastructure services division. Being appointed preferred bidder demonstrates the strength and expertise that Morgan Est has in tunnelling, an area where we have a market leading position.
"It further strengthens our relationship with Thames Water and we look forward to starting work on the project in due course."
ENDS
ENQUIRIES:
Morgan Sindall plc Tel: 020 7307 9200
Paul Smith, Chief Executive
David Mulligan, Finance Director
Blythe Weigh Communications Tel: 020 7138 3204
Tim Blythe Mobile: 07816 924626
Paul Weigh Mobile: 07989 129658
Notes to Editors:
Morgan Sindall plc is a top UK construction and regeneration group which operates through five divisions of fit out, construction, infrastructure services, affordable housing and urban regeneration, which are supported by two specialist units of investments and professional services.
Morgan Est is a leading UK provider of infrastructure services across the public and private sector. The business which specialises in the design and delivery of complex engineering projects, provides specialist and innovative tunnelling, utilities, civil engineering and mechanical and electrical services to the water, transport and energy sectors. It is part of top UK construction and regeneration group Morgan Sindall plc which operates through five divisions of fit out, construction, infrastructure services, affordable housing and urban regeneration, which are supported by two specialist units of investments and professional services.
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Morgan Sindall Group