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News » International » CH2M team lands $1.5bn nuclear deal » published 29 May 2017

CH2M team lands $1.5bn nuclear deal

The CH2M-led Four Rivers Nuclear Partnership has been awarded a deactivation and remediation contract worth up to US$1.5bn (£1.2bn) in the US state of Kentucky.

Fluor Corporation and BWX Technologies are CH2M’s partners in the United States Department of Energy project at the Paducah Gaseous Diffusion Plant.

The performance-based contract is valued at approximately US$1.5bn over 10 years; the base term is five years valued at approximately US$750m, followed by three-year and two-year option periods, valued at an approximate total of US$750m combined. A transition period is scheduled to begin on June 2017.

The site, built in the 1950s as part of the USA’s nuclear weapons complex, processed uranium from 1952 to 2013 for military reactors, nuclear weapons and nuclear power plant fuels. The deactivation and remediation contract includes management of over 650 structures, properties and buildings. The team will optimise short- and long-term surveillance and maintenance costs to allow for additional stabilisation, deactivation and remediation activities, reducing risk and future demolition costs.

 

MPU

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This article was published on 29 May 2017 (last updated on 29 May 2017).

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