Last checked at 22 Jul 2015 07:00
GALLIFORD TRY APPOINTED DELIVERY PARTNER FOR HIGHWAYS ENGLAND MOTORWAYS PROGRAMME
Galliford Try, the housebuilding and construction group, announces that its Infrastructure business has, in joint venture with Costain, been appointed as a delivery partner by Highways England for its Smart Motorways programme which is worth a total of £1.55 billion.
The programme will see 292 extra lane miles added to motorways. The hard shoulder will be converted to a traffic lane and signing and technology will tell drivers what speed to drive at, if lanes are blocked or closed and about incidents up ahead.
The Galliford Try and Costain joint venture has won a construction package including delivery of the M1 J19 to J16 Smart Motorway in Northamptonshire, starting this autumn at a value of £65 million. It has also been appointed to construct two future schemes: the M1 J24 to J25 in the East Midlands, and the M1 J13 to J16 in Bedfordshire and Northamptonshire. Both are expected to commence in 2016/17 at an estimated combined value of up to £302 million subject to the agreement of target costs.
Greg Fitzgerald, Executive Chairman of Galliford Try, commented: "We're delighted to have furthered our relationship with Highways England following our appointment to its Collaborative Delivery Framework last November. Our Highways business continues to go from strength to strength and the highways sector will be key for us over the next few years."
Galliford Try - Greg Fitzgerald, Executive Chairman 01895 855001
Graham Prothero, Finance Director
Notes to Editors
Galliford Try plc is a leading UK housebuilding and construction group. It is listed on the London Stock Exchange and a member of the FTSE 250. The housebuilding business - through its Linden Homes brand - sells distinctive homes to the public and affordable homes to housing associations and local authority providers. The construction business carries out building and infrastructure work across the UK with clients ranging from major Government departments through to regulated utilities and private sector companies. At the end of the financial year to 30 June 2014, the Group generated revenues of £1.8 billion.