Galliford Try consortium wins massive Scottish infrastructure project

A joint venture including FTSE 250 construction group Galliford Try has reached financial close on a 600m-pound public-sector infrastructure project in Scotland, the company announced on Monday morning.

A joint venture including FTSE 250 construction group Galliford Try has reached financial close on a 600m-pound public-sector infrastructure project in Scotland, the company announced on Monday morning.

Alliance Community Partnerships, a consortium comprising Galliford Try Investments, Equitix Holdings, Kier Projects Investments and John Graham Holdings, will be oversee many future infrastructure and community projects across Ayrshire, Dumfries & Galloway and Lanarkshire over the next decade.

The work will be delivered by a joint venture to be formed between Alliance Community Partnerships and the 16 public sector bodies involved.

Galliford said: "The hub initiative delivers an effectivedevelopmentmodel,allowing theprivate sector development partnerto work with the public sector bodies across all stages from strategic planning through funding and project delivery, to facilities management via an integrated supply chain. Every hub project is committed to providing opportunities for Scottish businesses and the local supply chain.

The consortium was appointed as the preferred bidder of the south-west Scotland hub initiative back in August.

Galliford's Chief Executive Greg Fitzgerald said: "Along with our partners, we are delighted to have reached an agreement on this significant partnership with the South West hub Territory Partnering Board in Scotland.

"This appointment has been achieved by us demonstrating the combined skills of Galliford Try's construction, facilities management and investments teams."

Recommended

The top funds to invest in
Funds

The top funds to invest in

Investors continue to favour passive funds in April though figures reveal an actively managed money market fund also caught their eye. We look at wher…
3 May 2023
The ten highest dividend yields in the FTSE 100
Income investing

The ten highest dividend yields in the FTSE 100

Rupert Hargreaves takes a look at the companies with the highest dividend yields in the UK’s blue-chip index
20 Apr 2023
Best junior stocks and shares ISA platforms
Isas

Best junior stocks and shares ISA platforms

A junior stocks and shares ISA is a great way to save for your child tax-efficiently. But it can be confusing deciding which investment platform to ch…
28 Mar 2023
The outlook for Shell shares is mixed, despite bumper profits
Energy stocks

The outlook for Shell shares is mixed, despite bumper profits

With profits surging, it looks as if Shell is on a roll, but the company’s growth from here is hard to see as Rupert Hargreaves explains.
6 Feb 2023

Most Popular

June’s NS&I Premium Bond prize draw - are you this month’s millionaire?
Savings

June’s NS&I Premium Bond prize draw - are you this month’s millionaire?

Two fortunate NS&I Premium Bond winners are now millionaires. Find out here if you’re one of them.
1 Jun 2023
The best one-year fixed savings accounts - June 2023
Savings

The best one-year fixed savings accounts - June 2023

You can now earn 5% on 1 year fixed savings accounts - the best rate seen in 14 years. We have all the latest rates available now.
2 Jun 2023
The top healthcare funds to buy
Investments

The top healthcare funds to buy

Increasingly rapid progress in drugs and healthcare technology makes these trusts top tips, says Max King.
1 Jun 2023