SMB, a joint venture between Skanska, MWH Global and Balfour Beatty, has been selected to deliver one of the largest and most varied water infrastructure improvement programmes in the UK.
The joint venture will be providing design-and-build solutions for the development and delivery of Thames Water’s £2bn to £3bn AMP6 (asset management programme) programme in a ‘super alliance’ of industry-leading organisations.
The contract is worth between £1bn and £1.5bn to the joint venture, shared equally between the three companies. It will begin in May 2013 with the 23-month Early Contractor Involvement phase, in preparation for the start of AMP6 delivery, running from April 2015 to March 2020.
According to a statement, the move reflects Thames Water’s decision to confirm its partners two years before the next five year regulatory period, transforming the way it delivers capital investment.