TWO hundred jobs have been secured after utility firm Fastflow signed a £30million deal with Northumbrian Water.
The Washington company has had an extension of its deal confirmed through to March 2015.
Chief executive officer Neil Armstrong said: “We are delighted to have secured a further two years of work with Northumbrian Water.
“This contract extension gives the business a much higher-valued future order book and continuity of workload, which is extremely important to us in these challenging economic times.
“Fastflow has worked directly for Northumbrian Water for more than 20 years now, and we are very pleased to continue that strong working relationship.”
The work carried out under the contract includes mains rehabilitation and renewal, repairs and maintenance, new connections, metering reinstatement and incident support.
Short-term work will focus on meter installation through the peak spring period – which Fastflow helped Northumbrian Water achieve its best ever results in 2012/13.
Long-term plans include work on 73 kilometres of pipeline and a diversion scheme for Sunderland City Council as part of work on St Mary’s Boulevard.
Northumbrian Water operations director Graham Neave said: “Fastflow has continued to win work with Northumbrian Water on the back of competitive pricing and reliable delivery.
“Our long partnership continues to bring additional benefits through innovation and Fastflow’s ability to respond quickly to peaks in workload.”
Established by Northumbrian Water in 1990, Fastflow was acquired by Mr Armstrong in 2005 and has since diversified into the gas sector. Fastflow Energy Services, based at Warrington, is a partner to the National Grid for gas works, carrying out projects costing up to £5million each throughout the UK.
This year the combined turnover of the company’s pipeline and energy divisions is expected to top £30million.
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