Morrison in £50m Falklands win

Morrison Construction has been awarded a five-year £50 million contract to carry out an extensive programme of construction and civil engineering work in the Falkland Islands for the Falkland Islands Government.

The contract marks the first time the islands' Government has entered into an exclusive 'partnership' arrangement with a contractor to manage a forward programme of public works.

As well as the creation of new roads and the repair of existing ones, the work will include the construction of new municipal buildings, refurbishment of and extensions to existing public buildings and schools, the installation of wind turbines for power generation and improvements to the islands' existing sewerage and drainage infrastructure.

Additionally, Morrison will be undertaking infrastructure work to meet the needs of new housing developments in the islands.

It is estimated that this contract, together with the other work in the region, will have a value of up to £10 million per annum for the Group.

Chairman Sir Fraser Morrison said: "In selecting partnering as their preferred procurement route, the Falklands Islands Government is clearly seeking value for money.

"The scale and diversity of this contract plays to the strengths of the wide-ranging skills and disciplines Morrison has to offer. It is consistent with our strategy overseas - to select specific projects with the right level of profit potential and a low risk parameter."