Carillion JV inks letter of award for contract in Oman
Source - SMW
Carillion Alawi - Carillion's 50:50 joint venture with the Zawawi family - has signed a letter of award with the Oman ministry of health as the preferred bidder in respect of the design and build of the New Sultan Qaboos Hospital in Salalah.
The contract - which has an estimated value of c£240 million to the JV - will consist of a two-stage design and build process.
The initial design and mobilisation phase, which will be directly funded by the customer, will commence immediately.
The second phase would commence in 2018 once the design has been completed, the contract executed and funding finalised.
A further letter of award is due to be signed shortly by Carillion Alawi, also with the Oman ministry of health, in respect of a hospital in Khasab.
The contract is on similar terms to those for the Salalah award and, if it were to go ahead, would have an estimated value of c£120m to the JV.
At 8:07am: (LON:CLLN) Carillion PLC share price was +1.63p at 44.88p