11th Feb 2005 11:13
AMEC PLC11 February 2005 11 February 2005 AMEC and National Grid Transco sign £280 million alliance contract AMEC plc, the international project management and services company, announcesthat it has secured an eight-year alliance contract worth approximately £280million from National Grid Transco ("NGT") to replace gas mains along the M1corridor between Sheffield and Leicester. "AMEC's proven alliancing expertise and our track record in delivering andmaintaining assets over the long term ensured we were the right partner forNGT," said Sir Peter Mason, Chief Executive of AMEC. "We look forward to takinga lead role in ensuring the alliance shares best practice in programmemanagement, safety, health and the environment, service delivery and communityrelations. The work will be carried out by a joint AMEC and NGT alliance team, which willcommence in Sheffield, Nottingham and Derby on 1 April 2005 and in Leicester ayear later. The contract includes a possible extension for a further five yearsand is part of NGT's continued mains replacement programme. AMEC has worked continuously for NGT and its predecessor companies for more than50 years providing a range of services from large diameter pipelines through tothe replacement of local distribution networks. Over the last five years, AMEC has been undertaking substantial network renewalwork in North London, East Anglia, South Wales and the West Midlands and lastyear it secured a further contract for Fulcrum Connections, part of NGT, toprovide new gas mains and services to selected areas in the South West. P.J.Holland FCACompany Secretary For further information: AMEC plc Neil Jamieson, Director of Investor Relations +44 (0)20 7634 0000Charles Reynolds, Head of Media Relations +44 (0)20 7634 0000Nick Welsh, UK Media Relations Manager +44 (0)20 7634 2219 AMEC plc is an international project management and services company thatdesigns, delivers and supports infrastructure assets for customers worldwideacross the public and private sectors. AMEC employs 45,000 people in more than40 countries, generating annual revenues of around £5 billion. AMEC's shares aretraded on the London Stock Exchange where the company is listed in the SupportServices sector (LSE: AMEC.L). This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
AMFW.LNational Grid