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Pin to quick picksShearwater Regulatory News (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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Re Contract

27 Nov 2006 07:01

Scott Wilson Group plc27 November 2006 27 November 2006 Scott Wilson Group plc Scott Wilson Appointed by Balfour Beatty / Carillion Joint Venture For the East London Line Scott Wilson Group plc ("Scott Wilson"), the international consultancy offeringintegrated professional services in the transportation, property, environmentaland natural resources sectors, is pleased to announce that it has entered into acontract with a Balfour Beatty / Carillion Joint Venture to providemulti-disciplinary design services for the East London Line ("ELL") project, aTFL project to upgrade and extend the line to the north and the south of itscurrent route. The value of the contract to Scott Wilson is expected to be up to £14 millionover the duration of the project. The major part of this relates to designservices during 2007 and 2008, with some technical support being provided to thetesting and commissioning process in 2009. Scott Wilson is supporting the Balfour Beatty-Carillion Joint Venture, which hasbeen awarded the contract for Phase One of the ELL project, and is a key part ofthe transport strategy for the 2012 Olympics. The contract was awarded by TFL tothe Joint Venture on 20 October 2006 and the Joint Venture instructed ScottWilson to mobilise its team and to commence the design shortly afterwards. Phase One of the project will extend the existing East London Line northwards toDalston Junction via a new route which formerly supported the North London Lineto Broad Street and will include the construction of new stations at Hoxton,Haggerston, Dalston Junction and Shoreditch High Street. To the south, the linewill be extended from the existing station at New Cross Gate onto the NationalRail network, providing an all station service to Crystal Palace and WestCroydon. It is intended that the line will run heavy rail Electrostar trains atTube frequency. Phase Two, which does not form part of this contract, willultimately extend the line west to Clapham Junction to facilitate orbitaljourneys around London and further northwards to connect into the existing NorthLondon Line. More information on the ELL can be found at www.tfl.gov.uk. Commenting on today's announcement, Geoff French, Chairman of Scott Wilson,said: "This marks the third significant major railway project announced since ScottWilson's stock market listing on 15 March 2006, following the announcement ofthe Crossrail and Edinburgh Airport Rail Link contract wins in March and May,respectively. "We are delighted to have secured this role, which confirms our leading positionin major multi-disciplinary railway projects worldwide and cements our strongpresence in the London rail market. We look forward to working with TFL and theBalfour Beatty - Carillion Joint Venture, to deliver the project successfully." - Ends - For further information please contact: Scott Wilson Group plc www.scottwilson.comGeoff French, Chairman 01256 310 200Stephen Kimmett, Finance Director Smithfield 020 7360 4900Katie Hunt 07884 494112Reg Hoare 07831 406117 Print resolution images are available for the media to view and download from www.vismedia.co.uk Notes to Editors: Scott Wilson is a leading international consultancy offering integrated servicesfor civil and structural engineering projects, transportation, environmentalstudies and institutional development. It was ranked as the ninth largestUK-owned engineering consultant by fee income for the calendar year 2005 in theNew Civil Engineer 2006 annual Survey. The Group earned approximately 67 per cent of its revenue over the three yearsto 30 April 2006 in the UK and approximately 33 per cent overseas. The Group hasan existing network of international offices controlled through six regionalcentres in Warsaw, Johannesburg, Dubai, Delhi, Bangkok and Shanghai/Hong Kong. Scott Wilson has strong relationships with national governments,non-governmental agencies, multinational companies and supranational fundingbodies. In the financial year ended 30 April 2006, 30 of the Company's clientswere billed over £1 million and the top 50 of the Group's clients accounted foraggregate fees of some £100 million. Important clients and partners include Network Rail, the Highways Agency,Balfour Beatty, Alfred McAlpine, Cross London Rail Links, English Partnerships,Defence Estates, tie (transport initiatives Edinburgh), Southern Water, English,Costain, London Underground and the Roads Service Northern Ireland. Notable projects on which Scott Wilson has worked in the last year includeLondon Crossrail, Bangkok Airport, Manchester Airport, Spinnaker Tower, the UKWest Coast Rail Route Modernisation, AsiaWorld Expo, Victoria Station andEdinburgh Tram. This information is provided by RNS The company news service from the London Stock Exchange
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