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Contract Wins and Joint Ventures

Carillion JV wins £1.4bn HS2 contracts

17 July 2017 07:27

CEK - joint venture partnership consisting of Carillion, Eiffage and Kier - has been successful in its bid for two HS2 contracts worth £1.4bn.

The JV has been awarded lot C2 - North Portal Chiltern Tunnels to Brackley £724m - and lot C3 - Brackley to Long Itchington Wood Green Tunnel South Portal £616m

It said these lots would be awarded in two stages.

It said stage one would be a 16-month period to develop a design, a programme and a target cost for the construction of the works and stage two was the construction of the main works and this was expected to take between four and five years to complete.

Carillion interim chief executive Keith Cochrane said: "We are delighted that our Joint Venture, CEK, has been selected to deliver two of the three Central contracts for HS2 Phase 1, the London to Birmingham section of the route, reflecting the strength of our Joint Venture.

"We look forward to working in close collaboration with HS2 to deliver this iconic project.

"Carillion is a leading supplier of infrastructure services with top two positions in both the UK rail and highways sectors, where we work in partnership with key customers, including Network Rail, Highways England and HS2.

"We expect the UK Government's objective of generating economic growth through investing in infrastructure to continue creating opportunities for us to grow our business in these core markets."

Story provided by StockMarketWire.com

Related Company: CLLN

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