Atkins, a design, engineering and project management consultancy, has announced that its joint venture (JV) with Veolia Water and Costain has been selected as a capital delivery partner for Thames Water.
The group is expected to deliver a "significant proportion" of the £3.0bn AMP6 investment programme.
Thames Water has brought together two design and build consortia, a programme manager and a technology and innovation provider, and collectively they will be responsible for delivering essential upgrades to water pipes, treatment facilities and sewers in the London and Thames Valley regions between 2015 - 2020.
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
Prof Dr Uwe Krueger, Atkins's Chief Executive Officer, said: "This important addition to our strong portfolio of clients is further evidence of the strength of the UK water market and will help smooth the transition between the cyclical funding periods so that key skills and capabilities are retained within the sector.
"By combining a deep knowledge of the water industry with world-leading expertise in infrastructure design and programme management, Atkins and our joint venture and alliance partners will help Thames Water achieve the good value, innovative, sustainable and effective solutions it demands for its millions of customers."
NR
-
UK-US trade deal announced: US cuts tariffs on UK car imports to 10%Keir Starmer and Donald Trump have announced a UK-US trade deal, but the US president has refused to lift baseline tariffs on most UK goods. What does it mean for the UK?
-
How to use mid-caps to diversify from the USMedium sized companies are overlooked by investors but could offer an attractive ‘sweet spot’. We consider the case for mid-caps amid market volatility.
