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Morgan Sindall secures contract extension worth up to £60m

By Michele Maatouk

Date: Tuesday 20 Jun 2017

(ShareCast News) - Construction and regeneration group Morgan Sindall has been awarded a two-year contract extension worth up to £60m.
The company's construction and infrastructure division has secured an extension to its three-year framework agreement with Wester Power Distribution to deliver excavation, cable laying and reinstatement works in the West Midlands region.

It was originally appointed to the framework, with an estimated annual value of more than £30m, in November 2014. The extension will run until October 2019 and will enable Western Power Distribution to maintain and enhance its electricity network.

Morgan Sindall will deliver planned and reactive works on Western Power Distribution's 11kV to 33kV distribution networks throughout the West Midlands region, which includes Stoke-on-Trent, Telford, Tipton, Birmingham, Hereford and Ludlow, Worcester and Gloucester.

Chief executive John Morgan said: "We are very pleased to have been awarded this contract extension, which we believe reflects the close and productive working relationships we have with Western Power Distribution, and the quality of the work we do. It also reflects the range of skills and capabilities we have in our Construction & Infrastructure division and its strong position for the future."

At 0855 BST, the shares were up 0.8% to 1,305p.

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