Van Elle Holdings
plc
('Van
Elle', the 'Company' or the 'Group')
Contract Awards to Van Elle
Canada
Van Elle Holdings plc (AIM: VANL),
the UK's largest ground engineering contractor, announces that its
Canadian rail subsidiary has been awarded two strategically
important contracts by ONxpress, the delivery consortium
responsible for the design and delivery of the CAD$20bn GO
Expansion infrastructure upgrade programme for the Toronto rail
network, on behalf of the infrastructure owner and operator,
Metrolinx.
The Group has been appointed as a
strategic supply partner for overhead electrification and other
lineside foundations, ahead of the delivery phase of the GO
Expansion programme. The scope of this contract includes
development of design, construction methodologies and planning,
enabling activities including training, plant strategies and
logistics, and early engineering works such as ground
investigation, test piling and other advanced works, focussed on
the Group's on-track delivery expertise. Contracts under this
framework are to be awarded in the second half of 2025 for delivery
through to 2028 and are expected to be worth over
CAD$50m.
In conjunction with the role of
strategic supply partner, Van Elle has also been awarded the
contract to undertake track bed investigation works in support of
the GO Expansion programme, with works to run through 2025 and
expected to be worth over CAD$5m to the Group.
Chief Executive Mark Cutler commented:
"We have
established a very capable team in Ontario, focused on our
specialist geotechnical and on-track rail delivery solutions and
have completed several schemes in the last six months. These
contract awards align us closely with our strategic customers
ONxpress and Metrolinx and underpin our confidence in developing a
specialist rail business of scale in Canada over the next three
years."
For
further information, please contact:
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Van
Elle Holdings plc
Mark Cutler, Chief Executive
Officer
Graeme Campbell, Chief Financial
Officer
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Via
Walbrook
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Peel Hunt LLP (Nominated Adviser and corporate
broker)
Ed Allsopp
Charlotte Sutcliffe
Tom Graham
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Tel: 020 7418 8900
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Walbrook PR Limited
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Tel: 020 7933 8780
or
vanelle@walbrookpr.com
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Tom Cooper / Nick Rome
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07971 221 972 or
07748 325 236
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About Van Elle Holdings plc:
Van Elle Holdings is the UK's
largest specialist geotechnical engineering contractor. Formed in
1984 and listed on AIM in 2016, the Company provides a wide range
of ground engineering techniques and services including ground
investigation, general and specialist piling, rail geotechnical
engineering, modular foundations, and ground improvement and
stabilisation services.
Van Elle operates through three
divisions: General Piling, Specialist Piling and Rail, and Ground
Engineering Services; and is focused on diverse end markets
including residential and housing, infrastructure and regional
construction - across which the Group has completed more than
20,000 projects over the last 35 years.
