Skanska, Costain Ventures Win U.K. Water Deals for Thames
Skanska AB (SKAB) in a venture with MWH Global Inc. and Balfour Beatty Plc (BBY) has been awarded a contract valued at as much as 1.5 billion pounds ($2.3 billion) from Thames Water Utilities Ltd., Britain’s largest supplier, to upgrade the U.K.’s water and wastewater infrastructure.
The companies through their SMB venture join Costain Group Plc (COST) and its CVA venture with a Veolia Environnement SA (VIE) unit and WS Atkins Plc (ATK) that have been hired by Thames Water for 2 billion pounds to 3 billion pounds of works improving the utility’s assets, the groups said today in e-mailed statements.
The SMB contract will begin this month for a 23-month early contract involvement phase in preparation for the start of Thames Water’s 2015-2020 investment program to upgrade assets, according to the venture.
“We have a significant amount of work to do upgrading our deteriorating infrastructure over the next 25 years and beyond while keeping customers’ bills affordable,” Lawrence Gosden, Thames Water’s capital delivery director, said in MWH’s statement.
The CVA venture of Costain, Veolia Water U.K. Ltd. and Atkins was awarded a contract by Thames Water as part of its upgrade plans that’s worth 450 million pounds to Costain, the company said in a statement without disclosing total value of the deal.
The SMB contract is to be split equally among the three companies, according to SMB’s “super alliance” statement.
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