Less Ads, More Data, More Tools Register for FREE

Pin to quick picksShearwater Regulatory News (SWG)

Share Price Information for Shearwater (SWG)

Share Price is delayed by 15 minutes
Get Live Data
37.00    -0.50 (-1.33%)
Bid:
36.00
Ask:
38.00
Spread: 2.00 (5.556%)
Market Cap: £8.82m
SWG Live PriceLast checked at - London Stock Exchange

Intraday Shearwater Share Chart

Contract Extension

13 Jan 2009 11:02

RNS Number : 5371L
Scott Wilson Group plc
13 January 2009
 



For Immediate Release 13 January 2009

SCOTT WILSON CONTINUE WITH BALFOUR BEATTY FOR NEXT STAGE OF A46 

Scott Wilson Group plc ("Scott Wilson" or "the Group"), the multi-disciplinary international design and engineering consultancy for the built and natural environments, is pleased to confirm that, following the recent announcement by the Secretary of State for Transport, Geoff Hoon, it will provide the detailed design and site supervision services for Balfour Beatty for the A46 Newark to Widmerpool Improvement. As stated by Geoff Hoon in his announcement on 19 December, "I am pleased to be able to confirm today that dualling of the 28km section the A46 has been given the go-ahead following acceptance of the inspector's recommendations from the public inquiry".

The value of this stage of the contract to Scott Wilson is expected to be up to £9 million over the next 3 years. Scott Wilson has been working with Balfour Beatty and the Highways Agency on the initial phase of the Scheme since 2004.

The Scheme would provide 28km of dual carriageway with 8 grade separated junctions and 22 bridges. It would complete the link between the M1 at Leicester and the Newark Relief Road.  Scott Wilson would provide all aspects of the design including highway, structures and geotechnical design and extensive environmental mitigation measures, including archaeology.

Hugh Blackwood, Group Chief Executive, comments "We are very happy to have moved to the next stage of this contract which, once again, reflects our reputation for delivering high profile road projects. The A46 highlights the government's recently announced commitment to major expenditure in infrastructure projectsWe look forward to continuing to work closely with Balfour Beatty and the Highways Agency."

~Ends~

Scott Wilson Group plc

Hugh Blackwood, Group Chief Executive

Sean Cummins, Group Finance Director

Lak Siriwardene, Head of Communications

 

020 7798 5187

020 7798 5245

07824 311762

Financial Dynamics

Charlie Armitstead/ Charlotte Whitley

020 7269 7291

Scott Wilson Group plc

Scott Wilson Group plc, with over 6,000 members of staff, is a multi-disciplinary international design and engineering consultancy for the built and natural environments. The Group has doubled in size over the past few years and from its UK headquarters currently controls a worldwide network of 80 offices.

www.scottwilson.com

Notes to Editors

Scott Wilson has provided multidisciplinary services in the development of the Scheme since 2004. Draft Orders and the Environmental Statement were published in early 2007 with the Public Inquiry held in the summer of 2007. Scott Wilson staff provided the 10 consultancy expert witnesses at the Inquiry. The Secretaries of States' decision letter accepting the recommendations in the inspector's report was in due course.

Scott Wilson will assist the Highways Agency in completing the statutory processes and commence the detailed design followed by construction supervision. Scott Wilson will provide transportation, highway, environmental, archaeology, geotechnical and structural design and site supervision services. Archaeology is a particularly important consideration as the route passes close to a number of important sites and follows the line of the roman road, The Fosse Way.

The relevant details of DfT's Press Release of 19 December 2008 is below.

…it was today confirmed work to dual the A46 from Newark to Widmerpool is planned to begin next summer. Last month the Transport Secretary announced an extra £174 million was being made available by the Department for this scheme as part of the Government's commitment to bringing forward infrastructure investment wherever possible. The next important milestone has now been passed with the scheme orders approved following a public inquiry. This will allow the improved link between the M1 at Leicester and A1 at Newark to open to traffic in late 2011 - five years earlier than as previously planned.

Geoff Hoon said:

 "I am … pleased to be able to confirm today that dualling of the 28km section of the A46 has been given the go-ahead following acceptance of the inspector's recommendations from a public inquiry. Dualling the last remaining single carriageway section between M1 J21a north of Leicester and Newark Western Relief Road will relieve congestion on this busy route and improve safety. It will also help boost the local economy.

"The Government is committed to bringing forward infrastructure investment wherever possible. It is great news for the region that dualling the missing section of the A46 from Newark to Widmerpool has been given the go-ahead. Together with the extra funding I announced last month, this means work could start next summer - two years early - on providing a new fast link between the A1 and M1. This would open to traffic in late 2011 - rather than 2016 as previously planned."

1. The A46 is a regional project that has been identified for accelerated delivery under the Government's fiscal stimulus package. It is an important regional route in the East Midlands linking Leicester and Lincoln.

2. The 28km section of the A46 between Newark and Widmerpool is the last remaining single carriageway section of the A46 between the M1 J21a north of Leicester and Newark Western Relief Road. Congestion and unreliable journey times are key problems, and accident rates on the southern section are higher than the national average for a single carriageway road. The scheme, which was added to the Targeted Programme of Improvements in 2001, will upgrade the route to dual carriageway standard, provide for eight full grade-separated junctions and an improved roundabout at Farndon. Bypasses will be provided for East Stoke and Farndon. 

3. Following the introduction of Regional Funding Allocations in 2005/06 the region prioritised the scheme for funding and scheduled the start of works date to 2012/13. The scheme was subsequently taken to Public Inquiry in 2007. 

4. A local public inquiry was held on eighteen sitting days between 3 to 25 July and 5 to 18 September 2007, at the Bearings, Bowbridge Road, Newark, Nottingham, before Mr Colin Tyrrell, MA (Oxon), CEng, MICE, FIHT, an independent Inspector appointed by the Secretaries of State for Transport and for Planning.

5. The decision to make the orders needed for the scheme follows acceptance of the Inquiry Inspector's recommendation in his report to the Secretaries of State. The decision letter and the Inspector's report are available on the DfT's website

http://www.dft.gov.uk/pgr/roads/network/strategic/programme/decisionletters/

6. The Department for Transport is offering to contribute £174 million of additional funding to the Region, including all of the costs incurred in 2009/10. This represents 50% of the current central estimate of scheme cost, excluding historic costs. Historic costs are those incurred on the scheme prior to the 2008/09 financial year. The East Midlands Regional Assembly, and the Region's Housing, Planning & Transport Joint Board has agreed to accelerate the scheme and to find their share of the costs from their Regional Funding Allocation. This will be subject to final ratification by the full Regional Assembly in February 2009.

7. The revised cost range estimate for this scheme is £322m to £409m, with a central estimate of £365m. The total cost estimate includes historic costs of £17m. Without historic costs the central estimate for start of works in 2009 is £348 million.

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
MSCBGGDBXUBGGCX
Date   Source Headline
9th Aug 20215:43 pmRNSDirector/PDMR Shareholding
28th Jul 20217:00 amRNSFinal Results
20th Jul 20217:00 amRNSNotice of Results and Presentation to Investors
13th Jul 202111:39 amRNSHolding(s) in Company
6th May 20217:00 amRNSFramework Agreement Renewal
30th Apr 20213:21 pmRNSHolding(s) in Company
22nd Apr 20217:00 amRNSPost Close Trading Update
12th Mar 202110:42 amRNSHolding(s) in Company
26th Feb 20217:00 amRNSExercise of options
22nd Feb 20213:11 pmRNSHolding(s) in Company
15th Feb 202110:02 amRNSHolding(s) in Company
26th Jan 20217:00 amRNSGrant of Options under SAYE Scheme
11th Jan 20212:54 pmRNSHolding(s) in Company
6th Jan 20217:00 amRNSContract Win
29th Dec 20207:00 amRNSTrading update and New contracts secured
16th Dec 20207:00 amRNSHolding(s) in Company
8th Dec 20209:47 amRNSDirector/PDMR Shareholding
25th Nov 20207:00 amRNSResults for the six months ended 30 September 2020
12th Nov 20207:00 amRNSNotice of Results and Presentation to Investors
22nd Oct 20207:00 amRNSH1 Trading update
25th Sep 20207:00 amRNSResult of AGM
14th Sep 20201:29 pmRNSRelease of Holdback Consideration Shares
1st Sep 20207:00 amRNSPosting of Annual Report and Notice of AGM
20th Aug 20207:00 amRNSTrading Update
29th Jul 20207:00 amRNSFinal Results
30th Jun 20207:00 amRNSNotice of Results
24th Apr 20204:41 pmRNSSecond Price Monitoring Extn
24th Apr 20204:35 pmRNSPrice Monitoring Extension
24th Apr 20201:58 pmRNSResults of Placing and Total Voting Rights
24th Apr 20207:00 amRNSProposed placing
2nd Apr 20207:00 amRNSPre-close statement
27th Mar 20207:00 amRNSContract win
25th Mar 20207:00 amRNSStatement re COVID-19 and contract wins
24th Mar 20205:44 pmRNSHolding(s) in Company
26th Feb 20207:00 amRNSIssue of Equity
27th Nov 20197:00 amRNSInterim Results
19th Nov 201911:30 amRNSNotice of Results
30th Oct 20197:00 amRNSBrookcourt Solutions secures EUR 0.5 M contract
28th Oct 20198:53 amRNSDirector/PDMR Shareholding
24th Oct 20197:01 amRNSHalf year trading update
22nd Oct 20197:00 amRNSGroup wins 5 awards at Computing Security Awards
10th Oct 20197:00 amRNSBrookcourt Solutions secures £8.5m contract
26th Sep 20199:11 amRNSDirector/PDMR Shareholding
25th Sep 20191:41 pmRNSResult of AGM
17th Sep 20197:00 amRNSPentest secures million-dollar contract
2nd Sep 20197:05 amRNSIssue of Equity
2nd Sep 20197:00 amRNSNotice of AGM and Proposed Share Reorganisation
30th Aug 20198:30 amRNSSecurEnvoy signs distribution agreement
31st Jul 20197:00 amRNSFinal Results
26th Jul 20197:00 amRNSXcina Consulting secures contract with Parkmobile

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.