1 July 2016
A key contract appointment under the EU's Instrument for Pre-Accession
We are pleased to announce we have been awarded a €13.1m four-year technical assistance contract by the European Investment Bank (EIB), on behalf of the Western Balkans Investment Framework (WBIF) and financed from the General Budget of the European Union under the instrument for Pre-Accession Assistance (IPA) II. The contract, which commences in early July 2016, is the first major project to be awarded from our international pipeline since the UK voted to leave the EU and cements WYG’s position as a leading player across the Western Balkans through to 2020.
WYG is the lead partner in a consortium to provide technical assistance to the fifth Infrastructure Projects Facility (IPF5). This contract continues WYG’s presence on the series of IPFs undertaken through the WBIF, which commenced in 2008. This new contract will run in parallel with the current IPF3 and IPF4 contracts in which WYG is also a major consortium partner.
This is a key appointment under the EU’s current Multi-annual Financial Framework 2014-2020 programme of funding under its Instrument for Pre-accession and will further support the development needs of the countries in the Western Balkans.
Utilising the Group's strong experience in transport, environment and energy, WYG will assist in assessing the technical, economic and financial strength of projects for possible financial support from the international funding institutions and other sources, as well as supporting the implementation of projects for which financing is already secured through loans and grants. Typical input will include technical support and advice ranging from pre-feasibility and feasibility studies, economic and financial analysis, and environmental and socio-economic impact assessments. WYG will also provide support for project implementation, ranging from preparation of preliminary and detailed designs, procurement strategies and tender document preparation to the supervision and monitoring of construction of works.
Paul Hamer, Chief Executive Officer, said: "We are delighted to have secured a key role on the latest phase of this major, long term investment programme. It is a testament to our work on the other four IPFs that our involvement on each phase of this programme is unbroken and, notwithstanding the outcome of the UK’s referendum on ‘Brexit’, further strengthens WYG’s longstanding relationship with a number of significant European institutions.
“We look forward to building on the strong relationships we have with our consortium partners to put in place much needed infrastructure and continuing to grow our presence throughout this region."