15th Apr 2008 07:00
Carillion PLC15 April 2008 Date: 15 April 2008 Carillion joint venture secures £85 million maintenance contract for Highways Agency Carillion, the leading UK support services, Public Private Partnership projectand construction company, has secured a five-year Managing Agent Contractor(MAC) contract for the Highways Agency with its joint venture partner, WSP,worth £85 million. The contract is for the maintenance of all motorways and trunk roads in Area 8covering Hertfordshire, Bedfordshire, Cambridgeshire, Northamptonshire withMilton Keynes and Luton Unitary authorities. John McDonough, Carillion's chief executive said: "We are committed tosupporting the Highways Agency in its mission to provide safe roads and reliablejourneys, whilst delivering continual improvement and substantial efficiencygains. "It is testament to this strong working relationship that Carillion has providedroad maintenance services in Area 8 for the past 10 years. We are thereforedelighted to have secured the new MAC contract, which means we will continue toprovide road maintenance services in this area for a minimum of five years." The contract, due to start in September 2008, will run until September 2013 withthe potential for two, one-year extensions through to 2015. Carillion has a 60 per cent interest in the joint venture and WSP holds theremaining 40 per cent. The Northamptonshire element of Area 8 will move to Area 7 in June 2009. Notes to editorsCarillion is one of the UK's leading support services, Public PrivatePartnership project and construction companies. The Group has annual revenue ofaround £5 billion, employs some 50,000 people and operates across the UK, in theMiddle East, Canada and the Caribbean. In the UK, Carillion's principal market sectors are Defence, Education, Health,Facilities Management & Services, Rail, Roads, Building, Civil Engineering andUtilities Services. In the Middle East, Carillion's principal market sectors are Construction andFacilities Management. In Canada and the Caribbean, the Group's main sectors areHealth, Roads Maintenance and Construction. Carillion has a substantial portfolio of equity investments in Public PrivatePartnership projects, particularly in the Defence, Education, Health andTransport sectors.This and other Carillion news releases can be found at www.carillionplc.com For further information:John Denning, Carillion Corporate Affairs, 01902 316384. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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