Business
Appointed preferred bidder fo
Appointed preferred bidder fo.
About this update from Morgan Sindall Group Plc
[{"type":"text","content":"\n RNS Number : 4239E Morgan Sindall PLC 21 December 2009 \n \n\nMorgan Sindall plc\n\n21st December 2009\n\nMorgan Sindall led JV appointed preferred bidder for £417 million\n Thames Water tunnelling project\n\nMorgan Sindall today announces that the MVB joint venture, comprising its infrastructure services business Morgan Est, VINCI Construction Grands Projets and Bachy Soletanche, has been appointed as preferred bidder to deliver the £417 million Lee Tunnel for Thames Water.\n\nMorgan Est has a 50 per cent shareholding in the JV, VINCI has 30 per cent and Bachy 20 per cent.\n\nThe project involves the construction of a seven metre internal diameter storage transfer tunnel, which is approximately 6,900 metres long, from Abbey Mills Pumping Station to Beckton Sewage Treatment Works. Works include the construction of two, 25 metre internal diameter shafts and one 20 metre shaft (two at Beckton and one at Abbey Mills) and a 38 metre diameter off-line Tideway Pumping Station Shaft. \n\nWork will start in April 2010 and the tunnel will be complete by the end of 2014 in order to comply with the Urban Waste Water Treatment Directive set by the European Union. \n\nPaul Smith, Chief Executive of Morgan Sindall plc, said:\n\n\"This is a very important project for our infrastructure services division. Being appointed preferred bidder demonstrates the strength and expertise that Morgan Est has in tunnelling, an area where we have a market leading position.\n\n\"It further strengthens our relationship with Thames Water and we look forward to starting work on the project in due course.\" \n\nENDS\n\nENQUIRIES:\n\nMorgan Sindall plc Tel: 020 7307 9200\nPaul Smith, Chief Executive\nDavid Mulligan, Finance Director\n \nBlythe Weigh Communications ...