7th Feb 2008 10:27
Kier Group PLC07 February 2008 7th February 2008 Kier signs a £400m contract with Stoke-on-Trent City Council Kier has signed a contract with Stoke-on-Trent City Council to deliver a £400mjoint venture contract to carry out repairs and maintenance on the city's 20,000council-owned houses through a newly formed joint venture company, Kier Stoke,in which the council has taken a 20% share. The contract term is for ten yearswith an option to extend for a further five. Over 500 council employees have transferred to Kier Stoke. As well as theongoing repairs and maintenance of the city's 20,000-strong council house stockand municipal buildings, including the Town Hall in which the signing tookplace, Kier Stoke will be responsible for the completion of all works on thegovernment's Decent Homes programme. Kier Group Chief Executive, John Dodds said: "We are looking forward to workingin partnership with the council, tenants, other service users and staff toimprove services and deliver the aspirations of all involved. This will beachieved by creating a successful business that contributes to the widerregeneration of the Stoke area." Ends For further information, please contact: Kier Group plc Tel: 01767 640111John Dodds, Chief ExecutiveDeena Mattar, Finance Director Madano Partnership Tel: 020 7593 4000Caroline Sturdy This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Kier