A consortium led by URS Corp. (NYSE: URS) has won a contract extension to continue running waste storage operations at a U.K.-based nuclear site under $2.9 billion in annual funding over the next five years.
Nuclear Management Partners Ltd. will continue the work at Sellafield nuclear complex in West Cumbria for the Nuclear Decommissioning Authority, URS said Friday.
NMP is a team comprising of URS, AREVA and AMEC plc.
Martin Koffel, chairman and CEO of URS, said the company aims to help NDA manage waste at Sellafield and fulfill the project requirements.
The consortium began work at the nuclear site in 2008 under a five-year contract with an option to continue the task for up to 17 years.
NMP will provide commercial operations, waste management, support services, decontamination, decommissioning and construction services at Sellafield.