Babcock International's Babcock Dounreay partnership has become the Parent Body Organisation of Dounreay Site Restoration Limited, and with it has grabbed the contract to manage the decommissioning, demolition and clean-up of the Dounreay nuclear site.
The Babcock Dounreay partnership, a joint venture between Babcock, CH2M HILL and URS, has been awarded the £1.6bn contract by the Nuclear Decommissioning Authority, and will be responsible for taking the decommissioning programme at Dounreay to its interim end state. The partnership and has set out an accelerated programme to achieve this between 2022 and 2025 (up to 16 years earlier than the 2038 date estimated two years ago) and reducing project costs by well in excess of £1bn.
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The share price rose 2.95% to 820.00p by 15:10p.
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