House-building and construction group Galliford Try has been awarded a contract to construct the A380 South Devon Link Road for Devon County Council and Torbay Council.
The £80m deal will see the company design and build a 5km duel carriageway between Newton Abbot and Torquay, bypassing the village of Kingskerswell, beginning this month and completed by the end of 2015.
Greg Fitzgerald, Chief Executive of Galliford Try, said: "We are delighted to be awarded this major and prestigious contract which will result in significant economic and environmental benefits and also improve safety.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
"The link road is a great opportunity for us to further strengthen our presence in the south-west, a region where we are well established as a housebuilder."
NR
-
8 of the best properties for sale with indoor swimming poolsThe best properties for sale with indoor swimming pools – from an award-winning contemporary house in East Sussex, to a converted barn in Hampshire
-
Chinese stocks slump on first trading day of 2025Chinese stocks suffered in the new year from their worst first day of trading since 2016, despite a state stimulus package
