Business
United Utilities secures contract extension
United Utilities secures contract extension.
About this update from United Utilities Group Plc
[{"type":"text","content":"\n \nUnited Utilities PLC\n\n7 May 2008\n\n UNITED UTILITIES SECURES CONTRACT EXTENSION \n\n WITH SOUTHERN WATER THROUGH TO 2015 \n\nUnited Utilities PLC today announces that the 4D consortium, in which United\nUtilities has a 40 per cent share, has secured an extension to its contract\nwith Southern Water through to 31 March 2015. The other members of the\nconsortium are Costain and MWH.\n\nThe original contract commenced in 2005 with responsibility for managing part\nof Southern Water's regulatory capital investment programme through to 2010.\nThe total value of the original contract is worth around £700 million to the 4D\nconsortium, although clarity regarding the size and value of the 2010-15\ncontract can not be confirmed until the outcome of the forthcoming price review\nis known.\n\nChief Executive of United Utilities, Philip Green, said:\n\n\"We are very pleased to have extended this contract through to 2015 in our key\nmarket for utility outsourcing. It builds on our strong performance and further\nsupports our position as the leading utility infrastructure outsourcing company\nin the UK.\"\n\nUnited Utilities' contacts\n\nFor further information please contact:\n\nPhilip Green, Chief Executive +44 (0) 1925 237000 \n \nTim Weller, Chief Financial Officer +44 (0) 1925 237000 \n \nGaynor Kenyon, Communications Director +44 (0) 7753 622282 \n \nDarren Jameson, Head of Investor Relations +44 (0) 7733 127707 \n \nDominic Fry / Tom Murray, Tulchan Communications +44 (0) 20 7353 4200 \n\n\n \n ","length":2048,"tagName":"div"}]