LONDON (Alliance News) - InfraStrata PLC said Monday its engineering work at the Islandmagee gas storage project has now achieved over 50% of the pre-established milestones.
The company said that the front end engineering design work at the project in Northern Ireland which commenced in May, is scheduled to be completed no later than December.
To date, the company has encountered "no significant" design issues preventing the construction of the project after completing nine of the pre-established 16 milestones.
In June, Infrastrata contracted Canada's WSP Global Inc to provide the engineering work at the project.
Shares were trading 3.7% higher at 0.67 pence each on Monday.