Speedy extension to Carillion deal

TOOLS and equipment rental firm Speedy Hire yesterday unveiled a three-year extension to its contract with construction firm Carillion, which will be worth more than £50 million.

The deal, which includes joint venture where Carillion is the lead partner, will run until 2016.

Steve Corcoran, chief executive at Speedy Hire, said: “This new agreement is another important step in our growth in our key markets of water, waste, energy and transport, all of which are undertaking major new infrastructure projects in the UK.”