WYG Share News (WYG)

WYG, a project management and technical consultancy, has been appointed as the key partner in a consortium that has been awarded a major new contract in Libya by the UK's Department for International Development (DFID). Under the contract, which forms part of the UK's Security, Justice and Defence (SJD) programme in Libya, WYG will deliver the first phase of a security programme for a period of up to 34 months. The work will culminate in the delivery of an inception report which, if accepted, is expected to lead to further work on the project, which has a total potential value of approximately £28m and would involve overseeing the training of police officers and judicial police. Other components would include improving court administration and security, securing munitions, and weapons stockpiling and decommissioning.Paul Hamer, Chief Executive Officer of WYG, said: "This contract win is a major achievement as it is the single largest stabilisation project in Libya tendered by DFID to date, demonstrating WYG's expertise and leadership in delivering critical, strategic programmes in fragile and conflict affected states over the past 20 years as well as its ability to create growth by working closely with globally recognized partners such as Cardno. "It builds on our experience in delivering large scale and complex projects [...] and positions us well to continue building on our key strength in fragile states by converting our strong pipeline of opportunities." The share price jumped 5.32% to 117.43p at the opening bell. NR