5th Feb 2008 07:00
Carillion PLC05 February 2008 5 February 2008 Monteray joint venture secures facilities management contract for BT worth in excess of £500 million The Monteray joint venture, of which support services and construction companyCarillion is the majority shareholder, has secured a new facilities managementcontract with BT worth in excess of £500 million. The six-year, total facilities management contract, which runs until April 2014,will be operated jointly by the Monteray shareholders, Carillion, Haden BuildingManagement and Reliance Integrated Services. It entails the provision ofservices to BT's 7,000 buildings and 100,000 staff located throughout Britain. The contract, which has an option to be extended for a further four years,includes the opportunity for the joint venture to provide additional variableservices worth up to £30 million a year. John McDonough, Carillion's chief executive said: "We are delighted to have wonthis new contract for BT with whom we have developed an excellent relationship.This reinforces Carillion's position as a leading provider of total facilitiesmanagement solutions for major property estates." Carillion has a 51% equity interest in the Monteray joint venture, with theremaining 49% shared equally between Haden Building Management, a subsidiary ofBalfour Beatty, and Reliance Integrated Services. Notes to editors Carillion plc is one of the UK's leading support services, construction andPublic Private Partnership project companies. The Group has annual revenue ofaround £4bn, employs over 40,000 people and operates across the UK, in theMiddle East, Canada and the Caribbean. In the UK, Carillion has eight principal market sectors - Defence, Education,Health, Building, Facilities Management and Services, Roads, Rail and CivilEngineering. In the Middle East, the Group's two principal market sectors are Constructionand Facilities Management. In Canada and the Caribbean, the Group's main sectorsare Health, Roads Maintenance and Construction. The Group is a leader in Public Private Partnership projects, particularly inthe Defence, Education and Health sectors in the UK and in the Health sector inCanada. Carillion Facilities Management is the facilities management arm of Carillionplc. It currently delivers facilities management, property management and arange of professional services to some 10, 000 properties across the UK andEurope to customers in both the public and private sectors across a broad arrayof industries and sectors. This and other news releases relating to the Group can be found atwww.carillionplc.com. For further informationJohn Denning Director of Group Corporate Affairs 01902 316426 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Carillion Plc