£1.7Bn worth of contracts for Carillion

Carillion, the leading integrated support services company, has released its results from the last quarter.

The Company has signed contracts, secured preferred bidder positions and been awarded frameworks, worth some £1.7Bn, since 30the June 2015.

Some of the major success for Carillion and Carillion Joint Ventures have been in the infrastructure sectors, where Network Rail has chosen the Company for a number of major frameworks and Early Contractor Involvement contracts which will generate some £400M.

These include the Midland Main Line Electrification project, which was recently “unpaused” by the UK Government, the Northwest Electrification project and the electrification of the Schotts line in Scotland.

Further infrastructure agreements come from the A14 upgrade with Highways England, which is expected to be worth some £146M.

Elsewhere in the UK, Carillion has been awarded the Great Arundel Court contract, a £90M development on London’s Embankment and a £75M schools project for Peterborough City Council. While in the UK health sector Carillion has been selected as preferred bidder for the Midland Metropolitan Hospital Public Private Partnership (PPP) project in Birmingham, a contract expected to be worth some £600M.

Across the ‘pond’ in Canada, a Carillion Joint Venture has reached financial close on both the Stanton Hospital PPP project in Northwest Territories and North Battleford PPP hospital in Saskatchewan.

In the Middle East, Al Futtaim Carillion, has been selected as the preferred bidder for two commercial development projects in Dubai, which are worth approximately £90M to Carillion.

Commenting, Carillion Chief Executive, Richard Howson, said: “As we expected, the pace of work winning in the second half of the year has started to pick up. Since the half year, we have secured contracts, preferred bidder positions and framework agreements that are expected to be worth around £1.7Bn. With cash flow remaining healthy and these recent contract successes, we remain confident of achieving this year’s targets, including ending the year with strong revenue visibility for 2016.”

 

The post £1.7Bn worth of contracts for Carillion appeared first on UK Construction Online.