Interserve Regulatory News (IRV)

10 Jul 2009 07:00

INTERSERVE JOINT VENTURE AWARDED £250m UNITED UTILITIES FRAMEWORK AGREEMENT

Interserve, as part of the KMI Plus Joint Venture, is pleased to announce the award of a £250 million contract for the Non-infrastructure Capital Delivery Framework with United Utilities. This is an extension into AMP5 of the AMP4 framework agreement, which was an option available to United Utilities subject to performance.

KMI will now be working with United Utilities to March 2015 to deliver a variety of new build, maintenance and refurbishment work. The relationship was originally established in 2002 with AMP3 and then progressed when the joint venture was awarded a place on the AMP4 framework running from 2005-2010.

The AMP5 win follows the team's recent successes in winning Partnership Initiative of the Year in the Water Industry Achievement Awards, and its Hodder Service Reservoir scheme was named best Environmental Project in the Construction News Quality Awards.

Adrian Ringrose, Interserve Chief Executive, said, "This win shows the value of our long-term relationships, both with our joint venture partners and with United Utilities as a highly valued client. We operate as a team focused on common goals and have achieved some impressive results - and we shall continue to do so in AMP5."

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For further information please contact:

Giles Scott 0118 960 2307

Head of Corporate Communications

Elizabeth Morley / Tom Roberts 020 7379 5151 Maitland

About 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.

About KMI Plus

KMI Plus is a joint venture between Kier Construction, J Murphy and Sons Limited, Interserve and Mouchel. KMI Plus is responsible for the detailed design, construction and final commissioning of improvement projects, both on the water and wastewater networks, in the north of United Utilities' operating area.