Amey blames Birmingham road spat for £190m loss

By Jordan Marshall2018-07-05T13:32:00

The contractor made a £208.5m provision for the job

Amey has revealed it made a £189.9m pre-tax loss last year after taking a £208m hit on a problem road job in Birmingham.

The infrastructure specialist, which is responsible for maintaining highways for Birmingham city council but has been involved in a long-running legal dispute with the local authority about the contract, made a £208.5m provision against the job.

Andy Milner, Amey’s chief executive said: “We have been involved in a dispute with Birmingham City Council over the last 36 months regarding the scope of contractual obligations in the core investment period, and recent communications from the council make it clear that an exceptional provision of £208.5m needs to be accounted for in our 2017 results.

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