New contractor set to take over on Cambridgeshire s roads
A councillor said it appears Skanska s financial failings are behind the change
Milestone Infrastructure Ltd will take over from Skanska (Image: Cambridgeshire County Council)
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Skanska has sold its infrastructure services delivery arm to M Group Services Ltd, reportedly for £50 million.
M Group Services has created Milestone Infrastructure Ltd to carry out the contracts the company is intending to take on.
The council says it was notified by Skanska in 2020 that the parent company had reviewed its business model and decided to divest from the infrastructure services arm.
“I am nervous about the effective selling on of our contract by Skanska,” Conservative councillor Lynda Harford said, adding if we are going to have a transfer of this contract I was rather hoping that it would be affected for the better”.
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