Koninklijke BAM Groep : BAM Nuttall joint venture wins Central Enabling Works Contract for High Speed Two
November 17, 2016 at 03:54 am
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Bunnik, the Netherlands, 17 November 2016 - BAM Nuttall Ltd has been awarded the Central Enabling Works Contract for High Speed Two (HS2) as part of a joint venture. The contract will be worth up to £100 million to the company over a period of four years.
The contract includes the early preparatory work needed ahead of the main civil engineering work for the scheme, including archaeology, site clearance and setting up construction compounds.
The contract award is one of the three Enabling Works Contracts which combined amount to the total value of £900 million. These contracts cover Phase One of the HS2 scheme from London to Birmingham, and the connection to the West Coast Mainline at Handsacre, Staffordshire. Work is due to begin in Spring 2017.
Stephen Fox CBE, Chief Executive, BAM Nuttall Ltd, commented: 'We are proud to be associated with this iconic project, which will have a major impact in regenerating significant areas of the UK and will provide a modern transportation system befitting of twenty first century Britain.'
Further information:
analysts: Joost van Galen, +31 (0)30 659 87 07;
press: Arno C. Pronk, +31 (0)30 659 86 23.
Royal BAM Group NV published this content on 17 November 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 17 November 2016 08:53:16 UTC.
Original documenthttp://www.bam.com/en/press/press-releases/bam-nuttall-joint-venture-wins-central-enabling-works-contract-for-high-speed?position=0&list=CM3adeJTf5xDkjFAon_4B6sUuhsmcMu2mi7WOoPyIOE
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Royal BAM Group N.V. is a building and public works group. Net sales break down by activity as follows:
- buildings and civil engineering infrastructure construction (88.3%): roads, highways, airports, tunnels, railways, residences, hospitals, schools, offices, businesses, etc. The group also develops subcontracted mechanical and electrical installations implementation activity;
- real estate development (8.7%);
- other (3%).
Net sales are distributed geographically as follows: the Netherlands (47.9%), the United Kingdom (42.7%), Ireland (7.4%), Belgium (1.9%) and other (0.1%).