Tuesday 28 November 2017

M25 operator picks quartet for £150m upkeep deal

Four contractors have been selected to deliver an £150m programme of maintenance work on the M25.

Operator Connect Plus (M25) has selected three major highway players: Skanska Construction UK, Jackson Civil Engineering Group and Geoffrey Osborne as well as £25m turnover Dibden-based R&W Civil Engineering as preferred contractors.

The framework agreement will run for four years with an option to extend for a further 24 months.

The programme scope includes a host of civil engineering works including structures, geotech, junction improvements, and technology improvements.

Last year both Skanska and Atkins sold their stakes in the M25 road-widening PFI owned by Connect Plus (M25).

The SPV also comprises Balfour Beatty (40%), which is also said to be looking to sell its stake.



from Construction Enquirer http://www.constructionenquirer.com/2017/11/28/m25-operator-picks-quartet-for-150m-upkeep-deal/

via Tumblr http://ndbasilica.tumblr.com/post/167972937739

No comments:

Post a Comment