Become a Member
  • Track your favourite stocks
  • Create & monitor portfolios
  • Daily portfolio value
Sign Up
Quickpicks
Add shares to your
quickpicks to
display them here!

Contract Win

3rd Jun 2014 07:00

RNS Number : 6515I
WYG Plc
03 June 2014
 



03 June 2014

WYG plc

("the Company" or "WYG")

Contract Win in Libya

WYG plc, the global programme, project management and technical consultancy to the built and natural environment, is pleased to announce that it has been appointed as the key partner in a consortium, led by Cardno Limited, that has been awarded a major new contract in Libya by the UK's Department for International Development (DFID). The contract forms part of the UK's Security, Justice and Defence (SJD) programme in Libya, funded and overseen jointly by DFID, the Foreign & Commonwealth Office (FCO), and Ministry of Defence (MoD).

Under the contract WYG, in a joint venture with the Australian, ASX-200 listed professional infrastructure and environmental services company, Cardno Limited, will deliver the first phase of a programme to support the Libyan authorities in providing more effective, accountable and sustainable security, justice and defence for its citizens, over a period of up to 34 months. Our initial work will culminate in the delivery of an inception report which, if accepted, we expect to lead to further work on the project which has a total potential value of approximately £28 million and would involve overseeing the training of police officers and judicial police. Other components would include improving court administration and security, securing munitions, and weapons stockpiling and decommissioning.

Paul Hamer, Chief Executive Officer of WYG, said:

"This contract win is a major achievement as it is the single largest stabilisation project in Libya tendered by DFID to date, demonstrating WYG's expertise and leadership in delivering critical, strategic programmes in fragile and conflict affected states over the past 20 years as well as its ability to create growth by working closely with globally recognized partners such as Cardno.

 

"It builds on our experience in delivering large scale and complex projects, which include the £68 million Infrastructure Projects Facility (IPF) in the Western Balkans, and positions us well to continue building on our key strength in fragile states by converting our strong pipeline of opportunities."

 

David Burton, Managing Director of Cardno Emerging Markets UK & Europe, added:

"I am delighted that Cardno has been selected to work together with WYG to deliver one of the most significant projects in Libya's journey to post-conflict stabilisation. We will be drawing on our collective experience built up over more than 20 years in the challenging fields of post-conflict resolution, recovery and reintegration to help the Libyan government achieve its long term objectives."

ENDS

WYG plc Tel: 0113 278 7111

Paul Hamer, Chief Executive Officer

Sean Cummins, Group Finance Director

 

MHP Communications Tel: 020 3128 8100

John Olsen / Katie Hunt / Vicky Watkins / Ollie Hoare

 

N+1 Singer Tel: 020 7496 3000

Sandy Fraser / Richard Lindley

 

WH Ireland Limited Tel: 0113 394 6600

Andrew Kitchingman / James Bavister

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
CNTEAPKAEAXLEFF

Related Shares:

WYG
FTSE 100 Latest
Value8,275.66
Change0.00