Carillion has signed contracts, secured preferred bidder positions and been awarded frameworks worth some £1.7 billion since 30 June 2015, according to its latest trading update.
Major contract wins include selection by Network Rail for a number of frameworks and Early Contractor Involvement contracts by Carillion and Carillion joint ventures in its UK infrastructure services division which Carillion expects to generate over £400 million of revenue.
In UK Construction, Carillion has secured contracts and preferred bidder positions that are expected to be worth £311 million, including the recently announced A14 upgrade, which is being delivered by a Carillion joint venture for Highways England and which is expected to be worth some £146 million to the firm.
Commenting, Carillion Chief Executive, Richard Howson, said:
"As we expected, the pace of work winning in the second half of the year has started to pick up. Since the half year, we have secured contracts, preferred bidder positions and framework agreements that are expected to be worth around £1.7 billion. With cash flow remaining healthy and these recent contract successes, we remain confident of achieving this year's targets, including ending the year with strong revenue visibility for 2016."
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