Galliford Try strikes three new contracts totalling £98m

(Sharecast News) - Construction company Galliford Try said on Thursday that it has inked three new infrastructure contracts totalling £98.0m. Galliford Try said firstly, its environment business will be installing a new £33.0m pipeline in South London, in Thames Water's Riverside Flow Monitoring Zone, to meet an anticipated increase in demand.

Secondly, the same unit has also been appointed to a £31.0m contract to install a new 9.0km clean water pipeline connecting the Netley Water Treatment Works in Surrey with the main reservoir network to the west.

Finally, Galliford Try added said its highways division has struck a £34.0m contract to redevelop the A629 route into central Halifax, including pedestrianising key access areas and re-routing access to the town's railway station while removing traffic from the centre.

Chief executive Bill Hocking said: "We are delighted to have been appointed to these three contracts which represent key markets within our Sustainable Growth Strategy. We look forward to working with Thames Water and Calderdale Council to provide their local communities with the high-quality public infrastructure that will serve them for years to come."

As of 0955 GMT, Galliford Try shares were up 1.40% at 241.33p.

Reporting by Iain Gilbert at Sharecast.com