Business
Major Contract Awards for Keller in the UK
Major Contract Awards for Keller in the UK.
About this update from Keller Group Plc
[{"type":"text","content":"\n \nRNS Number : 4750M Keller Group PLC 17 August 2011 \n \n\nFor immediate release 17 August 2011\n \nKeller Group plc\n \nMajor Contract Awards for Keller in the UK\n \n \nKeller Group plc (\"the Group\"), the international ground engineering specialist, announces that it has been awarded two major contracts relating to the main tunnels for Crossrail, the new east-west railway link to be built under Central London.\n \nKeller UK (\"Keller\") has been awarded the compensation grouting works at London Underground's Tottenham Court Road and Bond Street stations. The contract covers the installation of over 50 kilometres of specialist pipe, through which grout will be pumped whilst the tunneling works are in progress, to mitigate any ground movement and protect the existing infrastructure. \n \nKeller has also been awarded a contract for structural monitoring, geotechnical instrumentation and surveying works, employing the Getec monitoring system which was originally developed by Keller in Germany and recently introduced into the UK.\n \nThe two contracts will be undertaken in joint venture and have a combined value to Keller of around £30m. Work on both will begin shortly and will run through to 2014.\n \nThese follow the award of a £37m contract in June for grouting works for the Victoria Underground Station upgrade, which will start in late 2011 and will be undertaken with support from other Group businesses in Europe. Taken together, the three contracts significantly improve the prospects of the UK business, which has faced extremely challenging market conditions in recent years.\n \nJustin Atkinson, Keller Chief Executive, commented:\n \n\"Major infrastructure projects such as these, requiring complex solutions, play to our strengths as a global, high-capacity provider.\n \n\"These three contracts, which will draw on combined G...