29 November 2013
Carillion selected as strategic partner by Sunderland City Council to deliver its regeneration programme potentially worth up to some £800 million
Carillion has been selected by Sunderland City Council as the preferred bidder to form a strategic partnership to deliver a range of property services to undertake the City's regeneration programme.
This innovative contract, which will initially focus on the redevelopment of key sites across the City, is worth at least £100 million over the first eight years and potentially up to £800 million over 20 years.
Councillor Paul Watson, Leader of Sunderland City Council said: "The chance to take part in an ambitious, long-term initiative attracted bids from a number of leading UK companies. We were delighted at the high standard of the shortlisted bids and it was a difficult task to choose the preferred bidder, but the commitment, track record and approach of our chosen partner gave it the winning edge.
"This decision marks an important milestone in the joint venture agreement, which will breathe new life into under-used publicly owned land in prime sites for development. The programme will invigorate key areas of the City and offer new opportunities for employment, housing, shopping and leisure."
Commenting, Carillion Chief Executive, Richard Howson, said: "We are delighted to have been selected by Sunderland City Council as its strategic partner for this innovative contract. I believe our success reflects Carillion's focus on creating offerings tailored to the specific needs of our customers and our ability to provide a fully integrated solution that delivers the immediate and long-term services required by the Council.
"We look forward to working with Sunderland City Council and to engaging with local communities and businesses to deliver the Council's vision for the City, which will bring major benefits to the people of Sunderland and act as a catalyst for further inward investment."
The Carillion/Sunderland City Council Joint Venture will be supported by Igloo Regeneration, which will provide development and asset management services to the Joint Venture.
For further information contact
John Denning, Director Group Corporate Affairs + 44 (0) 1902 316426
Finsbury
James Murgatroyd or Gordon Simpson + 44 (0) 2072513801
Notes to Editors
Carillion is a leading integrated support services company with a substantial portfolio of Public Private Partnership projects and extensive construction capabilities. The Group had annual revenue in 2012 of some £4.4 billion, employs around 40,000 people and operates across the UK, in the Middle East and Canada.
The Group has four business segments:
Support services - this includes facilities management, facilities services, energy services, utility services, road
maintenance, rail services and consultancy services.
Public Private Partnership (PPP) projects - this includes investing activities in PPP projects for Government buildings
and infrastructure, mainly in the Defence, Health, Education, Transport and Secure accommodation sectors.
Middle East construction services - this includes building and civil engineering activities in the Middle East.
Construction services (excluding the Middle East) - this includes building, civil engineering and developments activities
in the UK and construction activities in Canada.
This and other Carillion news releases can be found at www.carillionplc.com
