Galliford Try wins framework contract with Midlands Highways

5th Jun 2014 08:05

Housebuilding and construction group Galliford Try has been appointed as one of the framework contractors to provide road maintenance in central England for the first time, which it predicts will be worth around £81m. The FTSE 250 company's Infrastructure business won the framework deal across both Lots 1 and 2 of the Midlands Highway Alliance framework, which have a current project combined value of up to £261m to the appointed contractors.The Alliance can extend the framework for a further year in March 2017. Lot 1 of the framework comprises projects expected to total £70m over the framework lifecycle, with Lot 2 having a total pipeline of up to £191m. Galliford Try said it anticipated it will be allocated works with a total value of £81m under both framework lots, with projects completed under Lot 2 to be completed in joint venture with construction materials group Aggregate Industries.The framework programme will encompass delivery of the whole lifecycle of road projects on behalf of the relevant authorities, specifically road reconfigurations, resurfacing, waterproofing, enabling works, and design and delivery of new bridges and carriageways. Chief Executive Greg Fitzgerald said: "We are delighted to have been appointed to this key framework for the first time. "We already have a strong track record in both highways and construction, particularly in the Midlands where we are currently progressing the £52m A45/A46 Tollbar End Improvement project. This new framework appointment is an outstanding opportunity to build on that success."Shares in the company were down 0.6% to 1,131p in the first 20 minutes of trading on Thursday.OH