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Pin to quick picksShearwater Regulatory News (SWG)

Share Price Information for Shearwater (SWG)

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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

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Contract Win

29 Mar 2006 07:01

Scott Wilson Group plc29 March 2006 For immediate release Wednesday, 29 March 2006 Scott Wilson awarded Crossrail contract Scott Wilson Group plc ("Scott Wilson" or "the Company"), the internationalconsultancy offering integrated professional services for civil and structuralengineering projects, transportation, environmental studies and institutionaldevelopment, is pleased to announce that it has been awarded the first of fourmulti-disciplinary design contracts for development work by Cross London RailLinks Ltd (CLRL). CLRL is the company leading the Crossrail project to build a new rail lineacross London, from Maidenhead to Shenfield and Abbey Wood. The contract isworth between £12m and £15m over the next two years. The appointment of ScottWilson as multi-disciplinary consultant is a major step forward in theco-ordinated plan o deliver Crossrail, and unlock the wide range of benefits itwill provide. Scott Wilson will work closely with Network Rail to prepare anaffordable reference design for the surface works of the project, which willform the basis for construction, possible once the Crossrail Bill has receivedroyal assent and become an Act./Geoff French, Chairman of Scott Wilson, commenting, said: "Today's award is the first major contract win announced since Scott Wilson'sstock market listing on 15 March 2006. "We are delighted to have secured this role, following our work with CLRL indelivering the Parliamentary Bill, and see it very much in line with our coreskills on major multi-disciplinary railway projects worldwide. We look forwardto working with CLRL, their partners and stakeholders, to deliver a successfulCrossrail project." For further information please contact: Scott Wilson Group plc www.scottwilson.comGeoff French, Chairman 01256 310 200Stephen Kimmett, Finance DirectorSmithfield 020 7360 4900Reg Hoare 07831 406117Katie Hunt 07884 494112 Print resolution images are available for the media to view and download from www.vismedia.co.uk Notes to editors: Crossrail1. The proposed Crossrail route will run from Maidenhead and Heathrow in thewest, through a tunnel under Central London with stations at Paddington, BondStreet, Tottenham Court Road, Farringdon, Liverpool Street, Whitechapel and Isleof Dogs, out to Shenfield and Abbey Wood in the east, joining the Great Westernand Great Eastern railway networks. The Crossrail hybrid Bill, which is promoted by the Secretary of State forTransport, Alastair Darling, received its 2nd Reading on 19 July 2005 andentered Select Committee stage on 17th January 2006. The project has anestimated cost of £10.292 billion at Q1 2002 prices - equivalent toapproximately £16 billion in money of the day over the construction period(i.e., allowing for future predicted inflation). 2. Cross London Rail Links (CLRLL), the company promoting Crossrail, iscurrently a 50:50 joint venture between the DfT and TfL, each of whom appointthree directors to CLRL's board. 3. There is a 24 hour seven day a week helpline on 0845 602 3813 and an e-mailaddress helpdesk@crossrail.co.uk as well as a website www.crossrail.co.ukcontaining background information. Scott WilsonScott Wilson is an international consultancy offering integrated professionalservices for civil and structural engineering projects, transportation,environmental studies and institutional development. It was ranked as the ninthlargest UK-based engineering consultant by fee income for the calendar year 2004in the New Civil Engineer 2005 annual survey. The Company earned approximately 67 per cent. of its revenue over the threeyears to 30 April 2005 in the UK and approximately 33% overseas. The Company hasan existing network of international offices controlled through five regionalcentres in Warsaw, Johannesburg, Delhi, Bangkok and Shanghai/Hong Kong. Scott Wilson has strong relationships with UK government departments,non-governmental agencies, multinational companies, national governments andsupranational funding bodies. In the financial year ended 30 April 2005, 32 ofthe Company's clients were billed over £1 million and the top 55 of theCompany's clients (which exceeded 1,500 in total) accounted for aggregate feesin excess of £100 million. Important clients and partners include Network Rail, the Highways Agency,Balfour Beatty, Alfred McAlpine, Cross London Rail Links, English Partnerships,Defence Estates and the Roads Service Northern Ireland. Well known projects on which Scott Wilson has worked include The Eden Project,Bangkok Airport, Manchester Airport, Portsmouth's Spinnaker Tower, the UK WestCoast Route Modernisation and Victoria Station and a number of LondonUnderground stations. This information is provided by RNS The company news service from the London Stock Exchange
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