Interserve Regulatory News (IRV)

10 Jun 2009 09:36

INTERSERVE NAMED AS PARTNER IN £400m HIGHWAYS AGENCY FRAMEWORK CONTRACT

Interserve has been named as a partner in the Highways Agency's managed works framework contract for the maintenance and repair of highways and structures in the east and south-east of England. The maximum value of the framework, which is for two years with a possible two-year extension and is shared with four other contractors, is £400 million over the four years.

The programme covers a large geographical area encompassing the counties of Bedfordshire, Berkshire, Buckinghamshire, Cambridgeshire, Essex, Hertfordshire, Hampshire, Kent, Norfolk, Oxfordshire, Suffolk, Surrey and Sussex and includes the option to work on the M25. The contract involves projects of up to £10 million and includes maintenance and improvement works, road resurfacing and bridge maintenance. The framework agreement is also open for use by local highway authorities and other public sector clients.

"The Highways Agency's decision was based on our successful partnership in the two previous framework agreements and the positive validation of our business processes," remarked Adrian Ringrose, Interserve Chief Executive. "This agreement represents a strengthening of our association with the Agency and we look forward to working with it in this new agreement to maintain and improve the strategic road network."

- Ends -

For further information please contact:

Giles Scott 0118 960 2307

Head of Corporate Communications

Elizabeth Morley / Tom Roberts 020 7379 5151MaitlandAbout Interserve

Interserve's vision is to be the Trusted Partner of all our stakeholders. We are a services, maintenance and building group 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 and is a FTSE 250 company. It has revenue of £1.8 billion and a workforce of 50,000 people worldwide. Website: www.interserve.com.