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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| John Laing Group Plc | LSE:JLG | London | Ordinary Share | GB00BVC3CB83 | ORD 10P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 402.60 | 402.60 | 402.80 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
From Apr 2019 to Apr 2024
TIDMJLG
RNS Number : 6144Z
John Laing Group plc
18 December 2017
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION
18 December 2017
Further PPP investment in Australia and increased investment levels for 2017
John Laing Group plc, the international originator, active investor and manager of infrastructure projects, is pleased to announce that Cross Yarra Partnership has reached agreement with Melbourne Metro Rail Authority for the financial close of the Tunnel and Stations Package as part of the Metro Tunnel Project.
John Laing is joining Cross Yarra Partnership as an investor in the Tunnel and Stations Package alongside the other consortium members, Lendlease, John Holland, Bouygues Construction and Capella Capital.
Cross Yarra Partnership was announced as the preferred tenderer for the A$6 billion Tunnel and Stations Package in July 2017. The project company will deliver twin nine-kilometre tunnels and five new underground stations at North Melbourne (Arden), Parkville, State Library, Town Hall and Anzac, as part of the state of Victoria's biggest ever public transport project.
As stated in its pre-close update dated 8 December 2017, John Laing's investment commitments for 2017 to date were GBP340 million, well ahead of the original guidance of approximately GBP200 million. Taking into account the Metro Tunnel investment, commitments increase to GBP383m million. No further investment commitments are expected in 2017.
Olivier Brousse, John Laing's Chief Executive Officer said:
"Melbourne's Metro Tunnel is a landmark project that will transform the Melbourne rail network. The Public Private Partnership set up with the State of Victoria will guarantee the delivery of this highly complex project. John Laing is delighted to be involved in such an important project alongside some of the best construction and development companies in the world that are Lendlease/Capella, John Holland and Bouygues Construction."
Further information
Analyst/investor enquiries:
Patrick O'D Bourke, Group Finance Director +44 20 7901 3200
Media enquiries:
James Isola, Maitland + 44 20 7379 5151
Ends
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCMMMMZRRDGNZG
(END) Dow Jones Newswires
December 18, 2017 03:15 ET (08:15 GMT)
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