Interserve poised to wrap up ‘sobering’ EfW jobs

By Dave Rogers2018-05-11T06:00:00

UK construction boss says it underestimated complexity of sector

31-Gordon-KewC

Gordon Kew

The boss of Interserve’s construction business has said it expects to have wrapped up its work completing its disastrous energy-from-waste (EfW) contracts by the end of this year.

The firm has racked up losses of £215m on the initiative which began in July 2012 with the firm winning a £146m contract to build a plant in Glasgow which kicked off a slew of jobs across the country.

But Interserve said it was pulling out of the market 18 months ago after running up crippling losses on the Glasgow job.

The managing director of its UK construction business Gordon Kew told Building: “The whole energy-from-waste portfolio we expect to be out of this year.”

…

Already registered? Login here

To continue enjoying Building.co.uk, sign up for free guest access

Existing subscriber? LOGIN

Stay at the forefront of thought leadership with news and analysis from award-winning journalists. Enjoy company features, CEO interviews, architectural reviews, technical project know-how and the latest innovations.

Limited access to building.co.uk
Breaking industry news as it happens
Breaking, daily and weekly e-newsletters

Get your free guest access SIGN UP TODAY

Subscribe now for unlimited access

Subscribe to Building today and you will benefit from:

Unlimited access to all stories including expert analysis and comment from industry leaders
Our league tables, cost models and economics data
Our online archive of over 10,000 articles
Building magazine digital editions
Building magazine print editions
Printed/digital supplements

Subscribe now for unlimited access.

View our subscription options and join our community