Amey lands 120 million pound street-lighting contract in Wakefield, England


Ferrovial services subsidiary to manage street-lighting in an area of 340 sq. km. and along 1,300 km of roads for 25 years

Madrid, 23 December 2003. UK services company Amey, a subsidiary of Ferrovial, has obtained a 120 million pound contract to maintain and manage the street-lighting system in the city of Wakefield, UK. The contract, under the PFI (Private Finance Initiative) formula, runs for 25 years.

The contract includes the design, supply and installation of new street lights to the highest quality standards, as well as maintenance and management of all the existing lights. A total of 40,000 lights will be managed, located in an area of 340 sq. km. along 1,300 km of road. The investment plan envisages replacing over 70% of the lights currently installed. Amey will manage the contract from January 2004 in consortium with UK company Laing.

One of the leading public lighting operators in the UK

This contract consolidates Amey´s position as one of the leading operators of public lighting in the United Kingdom. It already manages lighting in Walsall and is preferred bidder for the lighting contract in the city of Manchester.

The PFI system is steadily being applied to public lighting in the UK: local authorities estimate that 4 billion pounds will be allocated to replacing and maintaining lighting systems in the coming years.

Amey: boosts Ferrovial´s services division and its international expansion

Amey, one of the UK´s leading services companies, was acquired by Ferrovial in May 2003. The acquisition was strategic as it boosts Ferrovial´s services division and its international expansion.

Amey focuses on infrastructure maintenance (roads, railways and underground rail) and facility management. Its main contracts include a 30-year concession to maintain and modernise three lines of London Underground (335 kilometres, 100 stations), and a 500 million pound contract to maintain the vehicle and construction machinery pool for the British Armed Forces.

Ferrovial projects that Amey will have EBITDA of over 50 million pounds (74 million euros) in 2004. The full integration of Amey together with the recently-acquired Spanish services company, Cespa, will expand Ferrovial´s service division, giving total revenues of more than 2,000 million euros and providing 30% of Group revenues in 2004 (out of a total of 7,000 million euros), compared to 7% in 2002.


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