Ferrovial SA (FER), a Spanish infrastructure company, won maintenance contracts valued at 415 million pounds ($680 million) from two of the largest U.K. water companies.
Ferrovial’s Amey unit was awarded a five-year contract from United Utilities Group Plc (UU/) to repair and maintain 76,000 kilometers of pipes (47,200 miles) and 42,000 kilometers of water mains in northwest England, Madrid-based Ferrovial said today in an e-mailed statement.
Under the contract, which starts in 2015 and is valued at 225 million pounds, Amey will also manage and upgrade the infrastructure, which serves 7 million people and 200,000 companies in northwest England, Ferrovial said.
Ferrovial’s unit also won a contract to maintain and upgrade Severn Trent Plc (SVT)’s water mains in the Midlands and Wales, the company said. The contract, valued at 190 million pounds, also includes an upgrade of the sewer network, flood alleviation works and installing and upgrading pumping stations.
Ferrovial shares advanced 0.3 percent to 13.55 euros at 2:55 p.m. in Madrid, valuing the company at 9.95 billion euros ($13.7 billion).
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