4 Jun 2013 07:00
04 June 2013
WYG plc
("the Company" or "WYG")
Contract Win in Southern Africa
WYG plc, the global management and technical consultancy to the built and natural environment, is pleased to announce that it is a major part of the consortium that has been awarded a significant donor funded contract to develop a Climate Resilient Infrastructure Development Facility ("CRIDF") for the Southern Africa Development Community. The contract has a total value of £18.2 million over two years with the possibility of a further extension subject to satisfactory performance.
CRIDF aims to develop small-scale infrastructure to improve access to water for many of the 95 million people living in a number of countries in the Southern Africa Development Community region. The programme will seek to improve reliable access to water, the lack of which is already constraining human development and economic growth in the region and help mitigate expectations of increases in water demand, reduced supply and greater flood risk.
Paul Hamer, Chief Executive Officer of WYG, added:
"This contract win is testament to the range and quality of our technical expertise. It builds on our strong track record in delivering the £68 million Infrastructure Preparation Facility (IPF) in the Western Balkans, which has financed nearly 130 projects, leveraging £4.5 billion in infrastructure investment and our significant water infrastructure experience. It also clearly demonstrates the Group's progress with our strategy of generating good quality international revenues and diversifying our client base through collaborative partnerships."
ENDS
WYG plc Tel: 0113 278 7111
Paul Hamer, Chief Executive Officer
Sean Cummins, Group Finance Director
MHP Communications Tel: 020 3128 8100
John Olsen / Katie Hunt / James White / Vicky Watkins
Numis Securities Limited Tel: 020 7260 1000
Stuart Skinner/ Jamie Lillywhite (Nominated Adviser)
David Poutney/ Ben Stoop (Corporate Broker)
Notes to Editors
WYG is an established global management and technical consultancy to the built and natural environment that collaborates with clients in over 40 countries to help them realise their corporate and project ambitions.
A top 15 European consultancy and employing more than 1,300 people around the world, WYG has the expertise for every stage of a project's life-cycle from planning and design to building and completion.
WYG takes enormous pride in the work it does and has been recognised with several prestigious industry awards including: British Expertise International Awards 2011; RoSPA Occupational Health and Safety Gold Medal Award 2012, National Recycling Awards 2011.
WYG has been active in Southern Africa since 2004 and has successfully secured projects to the value of more than €30 million. Our activities in the region to date have been focussed on socio-economic development. CRIDF offers the opportunity to provide a broader range of services in infrastructure delivery and broadens WYG's portfolio in the increasingly important area of climate change adaptation, building on the recent Pyanj River Basin project in Tajikistan.