Carillion collapse costs construction partner an additional £25m
Construction group Galliford Try has been forced to set aside an additional £25m to invest in a joint venture project in which it partnered collapsed construction group Carillion.
In its interim results released today, the group said that in light of the compulsory liquidation of Carillion and the impact on its funding obligations in respect of the Aberdeen Western Peripheral Route (AWPR) joint venture, it had reassessed the out-turn position on the contract.
“The withdrawal of Carillion increases our participation in both co... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
