Member Article

Leeds consultancy WYG plc wins potential £28 million Libya contract

WYG plc, the Leeds-based project management and technical consultancy has announced its partnership in a consortium, led by Cardno Limited, that has been awarded a major new contract in Libya.

The contract awarded by the UK’s Department for International Development forms part of the UK’s Security, Justice and Defence programme in Libya, funded and overseen jointly by DFID, the Foreign & Commonwealth Office, and Ministry of Defence (MoD).

Under the contract WYG, in a joint venture with the Australian, ASX-200 listed professional infrastructure and environmental services company, Cardno Limited, will deliver the first phase of a programme to support the Libyan authorities.

They will provide “accountable and sustainable” security, justice and defence for its citizens, over a period of up to 34 months.

Opon the delivery of an inception report which, if accepted, we expect to lead to further work on the project which has a total potential value of approximately £28 million and would involve overseeing the training of police officers and judicial police.

The firm also reported an increase in revenue of £126.9 million (31 March 2013: £125.7 million) with adjusted operating profit of £4.8 million (31 March 2013: £1.5 million).

They also agreed a new £15 million trade finance facility with Santander UK plc which is now in operation.

David Burton, managing director of Cardno Emerging Markets UK & Europe, added:“I am delighted that Cardno has been selected to work together with WYG to deliver one of the most significant projects in Libya’s journey to post-conflict stabilisation.

“We will be drawing on our collective experience built up over more than 20 years in the challenging fields of post-conflict resolution, recovery and reintegration to help the Libyan government achieve its long term objectives.”

Paul Hamer, chief executive officer of WYG plc, commented: “We have made considerable progress during the year, with our focus on generating quality revenues delivering a strong increase in profits and a substantial uplift in our order book.

“WYG is now in better shape than it has been for several years, with a highly differentiated consultancy offering, a financial structure which fully supports its potential, and clear momentum in its order book.

“Our key strengths in advising clients on asset creation, managing socio-economic development programmes and facilitating the restructuring of fragile states place us well to continue to convert our strong pipeline of opportunities in these areas.”

This was posted in Bdaily's Members' News section by Clare Burnett .