Last checked at 11 Jun 2013 07:00
GALLIFORD TRY RE-APPOINTED TO FOUR YEAR ENVIRONMENT AGENCY FRAMEWORK
Galliford Try plc, the housebuilding and construction group, announces that its Infrastructure business has secured one of six places in joint venture on part of the Environment Agency's ('the Agency') Water and Environment Management framework 2013-17.
The appointment will involve the Group primarily serving the Agency's flood and coastal erosion risk management function and also being available to risk management authorities, Defra delivery bodies, local authorities, internal drainage boards and the Welsh government. Galliford Try will provide a variety of services associated with asset delivery including design, early supplier engagement, construction and project management, all in joint venture with Black & Veatch.
Commencing in July 2013 the framework will operate for four years with scope for a further two-year extension. The Agency has publicly stated that it intends to invest £2.5bn over the next 10 years to reduce flood risk nationally and secure wider environmental and social benefits. Galliford Try has generated approximately £25m as a result of the final year of the current Agency framework appointment, which expires concurrently.
Galliford Try Chief Executive Greg Fitzgerald commented: "We envisage that the new framework presents a similar or even better business opportunity than we currently have with the Environment Agency. This key appointment further enhances our reputation for innovation and engineering expertise within the flood and coastal work sector, and recognises our commitment to providing customers with certainty of delivery and cost within a collaborative working approach."
For further enquiries:
Galliford Try - Greg Fitzgerald, Chief Executive 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 across the South and South East of England. 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 last financial year to 30 June 2012, the Group generated revenues of £1.5 billion.