Kier joint venture selected for £1bn Thames Water infrastructure project

A joint venture between Kier Group and Clancy Docwra has been named as the preferred bidder for a £1bn Thames Water infrastructure project.

The contract has an estimated value to the KCD joint venture of £500m over the next five years. The work will start in April 2015 and run for up to 15 years.

The joint venture will offer a range of services, including water maintenance and construction services, logistics management and customer services.

“With this contract, Kier further demonstrates its strengthened integrated construction and services capabilities following the acquisition of May Gurney last year, said Kier’s chief executive Haydn Muriel.

“Through our joint venture with Clancy Docwra, we will be able to support Thames Water in this innovative new alliance, helping them to maximise the performance of their estate and their assets for the benefit of their customers."