Road improvement scheme is latest boon for infrastructure and services group.
Alfred MacAlpine PLC has won a £40m contract to improve the A27 in East Sussex and the A23 in West Sussex. The work, which includes widening a section of the A23, is scheduled to begin in 2006 and be complete by 2010.
Ian Grice, chief executive of Alfred McAlpine, said: “this scheme confirms that our strategic goal of winning work through frameworks, partnerships and early contractor involvement schemes is delivering results.”
Alfred MacAlpine holds its AGM today. At the meeting chairman Oliver Whitehead will tell shareholders that performance so far this year is in line with expectations. The group’s Business Services division has secured more than £250m worth of contracts so far in 2005, and expects to add a number of other new, long-term contracts over the coming months.
The A27/A23 contract brings the order book for Alfred MacAlpine’s Capital Projects to £250m.
Whitehead will tell shareholders that with 70% of activities undertaken as long-term contracts, he is confident about the group’s prospects for the long term.
