Severn Trent Water and preferred bidder JV part company
Severn Trent Water has confirmed it has parted company with the joint venture between Interserve and Kier.
The JV was working on a £100M infrastructure deal as part of Severn Trent’s £300M Birmingham Resilience project. However, reports suggest there has been disagreement over budget.
In a statement, Severn Trent Water said: “Following extended negotiations with preferred bidder Interserve, and its subcontractor Kier Group, Severn Trent has decided to find a new way forward on the contract for the treated water contract on its Birmingham Resilience Project.
“We’re absolutely committed to the project and confident that we will still deliver on time and to budget.”
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