The Joint Venture project between Carillion and Sunderland City Council (SCC) has reached financial close.

The contract, which will initially focus on the redevelopment of key sites across the City, is potentially worth up to £800 million to Carillion over the 20 year life of the regeneration programme.

-- Advertisement --

Carillion Chief Executive, Richard Howson, said: "We are delighted to have achieved financial close on this major innovative programme. I believe our success reflects Carillion's ability to offer solutions tailored to the specific needs of our customers and our ability to provide a fully integrated solution that will deliver the immediate and long-term services required by the Council."

(CD/MH)