Business
Re Contract
Re Contract.
About this update from Hill & Smith Plc
[{"type":"text","content":"\n RNS Number : 3076L Hill & Smith Hldgs PLC 05 May 2010 \n \n\n5 May 2010\nHILL & SMITH HOLDINGS PLC \n \n(\"Hill & Smith\" or \"The Group\")\n \nContract for New Modular Gantry System for M1 Motorway \n \nHill & Smith, the international group with leading positions in the supply of infrastructure products, galvanizing services and building and construction products to global markets, is pleased to announce an important new contract for the supply of gantries on the UK's M1 motorway.\n \nThrough its subsidiary Varley & Gulliver, Hill & Smith will design, manufacture and install over 60 lightweight steel gantries for the Costain Carillion joint venture delivering the M1 junction 10 -13 upgrade. The contract has a value of circa £4 million. \n \nHill & Smith has already installed 34km of its temporary crash barrier Varioguard on this project, and will supply and install its Techspan variable message signage onto the Varley & Gulliver gantries, providing further evidence of the Group's ability to sell a broad range of solutions for major infrastructure projects.\n \nOn 17 February 2010, the UK's Highways Agency announced the appointment of four delivery partners - Carillion, the Costain/Serco joint venture, Balfour Beatty and the BAM Nuttall/Morgan Est joint venture - for its circa £2 billion Managed Motorways schemes. The schemes are aimed at reducing congestion and improving safety and will introduce hard shoulder running on sections of the motorway network including the M1, M4, M5, M6, M60 and M62. \n \nVariable message signage and the gantries onto which they are mounted are an integral part of a hard shoulder running system and Hill & Smith is confident that the Managed Motorways schemes will drive further demand for these and other road infrastructure products supplied by the Group. \n \nCommenting on the contract Derek Muir, Chief Executive of Hill & Smith, said:\n \n\"This major contract win endorses the appeal of our new modular lightweight gantry system and is an important milestone for Varley & Gulliver. \n \n\"The breadth of our involvement in this M1 project - through crash barriers, variable message signage and now gantry systems - demonstrates the full service offering that we are developing for...