Carillion secures 525m pounds of highway contracts in Canada

FTSE 250-listed support services company Carillion has been selected for a series of highways maintenance contracts in Canada that are collectively worth 525m pounds.

FTSE 250-listed support services company Carillion has been selected for a series of highways maintenance contracts in Canada that are collectively worth 525m pounds.

Carillion Canada, the Canadian arm of the global company, was selected for long-term contracts to provide year-round routine maintenance services for Provincial Highways in Ontario and Alberta.

In Ontario, the Ministry of Transportation Ontario has awarded Carillion the area maintenance contracts for Kingston West and Bancroft, worth approximately £120m over 12 years and selected Carillion as the preferred bidder for the Thunder Bay Area Maintenance Contract, worth £105m over 11 years.

The Alberta Ministry of Transportation selected Carillion as the preferred bidder for five Contract Maintenance Areas worth some £300m over 10 years. Of the total value of £525m, some £475m relates to contract renewals.

Commenting, Carillion Group Chief Executive, Richard Howson, said: "This further reinforces Carillion's position as the largest provider of outsourced highways maintenance services in Canada and reflects our ability to provide high-quality cost-effective solutions for our customers, with whom we have developed strong long-term partnerships."

Carrillion has a market capitalisation of £1,285.99m and operates across the UK, Canada and the Middle East.

Its share price rose 0.71% to 298p at 08:25 on Wednesday morning.

MF

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