FM Conway has taken on a five-year contract to finish highway-maintenance work in London.
The contract, signed with the Metropolis of London Company, will see the infrastructure supplier full building and upkeep work throughout property together with carriageways, bridges and drainage methods.
The deal is price an estimated £10m per yr, and may very well be prolonged by an extra 5 years. FM Conway will start engaged on the job at the beginning of July.
The agency’s managing director, James Tallon, stated the contract award marked a “pivotal second” in FM Conway’s future.
“With our continued drive for good options, our capability to adapt by new applied sciences and our drive for low-carbon options, we are going to work with the Metropolis of London Company to ship an accessible, sustainable and well-maintained public realm that respects the Metropolis’s distinctive heritage,” he stated.
FM Conway is already engaged on London roads, below an £800m framework announced by Transport for London final February. That framework, overlaying renewal work on bridges, highway tunnels and river property, will run till March 2027, and was additionally awarded to contractors together with Costain and a three way partnership together with Kier.
In October, FM Conway stated “long-term contracts” would help boost its annual turnover, which is about to extend yr on yr. However the firm stated it could additionally depend upon how rapidly authorities delivers its infrastructure initiatives and pumps money into initiatives which are deliverable, and whether or not widespread materials worth will increase proceed to eat into its earnings.