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Press Release

Interserve wins £0.5bn contracts

by Interserve Press Office | Jan 11, 2011

Interserve, the international support services and construction group, has won a series of new contracts in the UK and across the Middle East. Together with the £63 million St Helens schools contract announced in December these are worth an aggregate of more than £0.5 billion.

They are:

UK

  • Construction and refurbishment contracts worth £57 million for three schools within the Sandwell Building Schools for the Future (“BSF”) programme, and the facilities management at the schools thereafter worth £50 million over 25 years.
  • A £26 million hospital development at Yardley Green, Birmingham, under the ProCure21 framework programme, including associated mechanical and electrical services worth around £5 million.
  • Additional work worth £29 million in the development of Llandough Hospital near Cardiff, where Interserve is already undertaking a major programme under the Designed for Life: Building for Wales framework.
  • Several support services contracts, each of three years’ duration and with an aggregate value of over £28 million, with William Hill, BNY Mellon and the University of Greenwich. The William Hill contract, outsourced for the first time, involves the cleaning of its betting shop estate throughout England, Scotland and Wales – the largest in Britain.
  • The provision of access services to Sellafield and Pembroke power station, each over a two-year period, worth an aggregate £8 million.
  • A place on the Northumbrian Water framework worth an estimated £1.5 billion over the next 10 years. The 19 appointed contractors and consultants will undertake contracts for all major future work required to upgrade and maintain the drinking water and sewerage networks throughout the north-east and in Essex and Suffolk.

Qatar

  • A £39 million contract to build an energy centre and multi-storey car park in Doha.
  • A £29 million award to build three new schools in Doha, including associated mechanical and electrical services.
  • Three further contracts, for RasGas (procurement, construction and installation services), Total (design, fabrication and testing) and QVC (maintenance services), worth more than £30 million in aggregate.

UAE

  • A £30 million contract to fit out the Sofitel Resort Palm Jumeirah hotel in Dubai.
  • A £10 million contract to improve existing roads and build new carriageways in the emirate of Umm Al Quwain.
  • A £7.5 million contract for the construction of a new freeway in Fujairah.

Oman

  • A £13 million award for construction works related to two power stations in Sohar for GS Engineering.
  • A £7 million contract to extend existing accommodation facilities for Renaissance Services.
  • A three-year contract with the UK Ministry of Defence to provide maintenance services and small works at Musanah air base near Muscat.

Adrian Ringrose, Interserve Chief Executive, commented, “The spread of these new contracts across our markets shows that our ability to win new work remains strong on a broad front. Our strategy of focusing on support services and construction, whether together or as separate services, is clearly an attractive proposition for many clients.”

- Ends -

For further information please contact:

Giles Scott
Head of Corporate Communications, Interserve
0118 960 2307

Elizabeth Morley / Tom Eckersley
Maitland
020 7379 5151

Notes to editors

The Middle East contracts listed are with associate companies of which Interserve owns 45 per cent in the UAE and 49 per cent elsewhere.

About Interserve

Interserve's vision is to be the Trusted Partner of all our stakeholders. We are one of the world’s foremost support services and construction companies, operating in the public and private sectors in the UK and internationally. We offer advice, design, construction and facilities management services for society's infrastructure and provide a range of plant and equipment in specialist fields. Interserve is based in the UK. It has revenue of £1.9 billion and a workforce of 50,000 people worldwide. Website: www.interserve.com.

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