14th Feb 2005 07:00
Morgan Sindall PLC14 February 2005 Morgan Sindall plc ("Morgan Sindall") Contract Wins for Morgan Est Morgan Est, the Infrastructure Services division of Morgan Sindall, is pleasedto announce that it has signed an Alliance Agreement with National Grid Transco("NGT") for its West Midlands alliance project, part of NGT's £1.6 billionprogramme of gas replacement works. This follows the award of a ProfessionalServices Contract in September last year. The Alliance contract is worth up to£320 million over eight years with a potential five year extension worth up to£200m. Work on the project is due to commence on April 1, 2005. Morgan Est has also been selected by Yorkshire Water as one of six partners forits 'Large Schemes' framework agreement, part of its investment plans for thenext round of its Asset Management Programme, AMP4. This will involvecompetitive target costing and subsequent delivery of water and waste waterschemes in excess of £3-4m, with a reduced number of its partners being selectedto bid for each project. The agreement will run for five years and the totalvalue of the schemes is approximately £250m. Paul Smith, Group Chief Executive, commented: "We are delighted with the ongoing progress being made by Morgan Est. The finalsigning of our Alliance Agreement with NGT secures our entry into the gas marketand the decision by Yorkshire Water recognises our capability and commitment tothe water sector." 14 February 2005 Enquiries: Morgan Sindall plc Tel: 020 7307 9200Paul Smith, Chief Executive College Hill Tel: 020 7457 2020Kate PopeMatthew Gregorowski This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Morgan Sindall GroupNational Grid