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Atkinsrealis Group Inc T.ATRL

Alternate Symbol(s):  SNCAF

Atkinsrealis Group Inc., formerly SNC-Lavalin Group Inc., is a professional services, and project management company. It delivers end-to-end services across the whole life cycle of an asset including consulting, and advisory and environmental services. Its segments include Engineering Services; Nuclear; O&M; Linxon; LSTK Projects, and Capital. The Engineering Services segment includes consultancy, engineering, design and project management services. The Nuclear segment supports clients across the entire nuclear lifecycle with the full spectrum of services from consultancy, EPCM services, field services, technology services, spare parts, reactor support and decommissioning and waste management. The O&M segment consists of providing operations, maintenance, and asset management solutions. The Linxon segment offers engineering, procurement, management, and construction services. The LSTK Projects is comprised of the remaining LSTK construction contracts of the Company.


TSX:ATRL - Post by User

Post by Form001on Dec 17, 2020 12:34pm
134 Views
Post# 32128881

News...

News...

 

SNC-Lavalin subsidiary added to U.K. framework

 

2020-12-17 12:21 ET - News Release

 

Mr. Harold Fortin reports

SNC-LAVALIN SOLUTION FOR MODULAR SOCIAL HOUSING, CHOSEN TO BE PART OF DEVELOPER LED FRAMEWORK IN THE UK

SNC-Lavalin Group Inc. wholly owned subsidiary, EDAROTH, has been named as part of the announcement of a new 47-billion-pound developer-led framework in the United Kingdom. 

EDAROTH (Everybody Deserves A Roof Over Their Head) offers development management, design and engineering expertise, and the latest off-site manufacturing techniques, which enable:

 

  • 50 per cent faster build than traditional home development; 
  • 50 per cent reduction in heating costs; 
  • Net zero carbon emissions; 
  • Reclaiming of brownfield sites for local communities.

 

"EDAROTH is an example of how innovation and technology can enable us to provide better infrastructure solutions to our clients and communities. We developed this innovative solution having identified a trend in social and economic issues related to the future lack of affordable housing," said Ian L. Edwards, president and chief executive officer, SNC-Lavalin. "At the core of EDAROTH are digitally enabled, modern methods of assembly, that can be adapted to help people across the world. We are able to take brownfield sites in need of regeneration and create living spaces to help governments and local authorities meet housing needs in a sustainable and efficient way. With the World Economic Forum forecasting that 2 billion new homes are needed globally by the end of this century, we see great potential in this offering and are working to revitalize communities everywhere." 

Under this framework, with public sector framework provider PABAGO, EDAROTH will have the opportunity to bid for developments of residential schemes across the U.K.-including projects which transform publicly owned brownfield and underutilized land in existing communities-to create truly affordable homes in areas where they are most needed. 

"A shortage of affordable housing continues to affect communities, cities and individuals all over the world, and it's a problem which will only be solved through innovation and new ways of working," said Philip Hoare, president, Atkins, engineering, design and project management, SNC-Lavalin. "We are proud of our place on this framework, which gives us a great opportunity to deliver homes over and above what is already possible, and to further develop EDAROTH's offering to public sector clients." 

Once developments are completed, the public sector retains land ownership giving them essential facilities and a long-term revenue stream to bolster their finances. EDAROTH unveiled its first completed social housing development in February 2020, and has already been successful in securing a place on a $1.7-billion housing framework to provide services. 

 

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