NDA Completes Formal Award of Magnox Contract to Cavendish-Fluor

The U.K.’s Nuclear Decommissioning Authority yesterday formally completed the share transfer to the Cavendish Fluor Partnership for the new contract to manage 10 Magnox sites and two research reactor sites. The NDA announced the award of the contract to the team in late March and the contract is expected to be worth £4 billion to £5 billion in the first seven years and almost £2 billion for the next seven years. “Today is a significant achievement for the NDA,” NDA Chief Executive John Clarke said in a statement yesterday. “By introducing a fundamentally different contract, based upon a clear understanding of the scope of work to be delivered across 12 sites over 14 years, we have been able to generate real competitive tension during the competition process. We are delighted that our approach looks set to deliver a reduction in decommissioning costs of more than £1.5 billion.”