Monday 03 Oct 2011 @ 14:10
Ministry of Defence
Ministry of Defence
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Defence Secretary confirms first project of concern
Defence Secretary Dr Liam Fox has, for the first time, announced that a major ongoing defence project is considered to be underperforming and has been placed on the Projects of Concern list.
The Valiant Jetty project, awarded to AMEC plc in 2003, is nearly four years late, and some estimates put it running at £92m over cost.
The move to identify it as a project of concern comes after it was reviewed during the second meeting of the Major Projects Review Board (MPRB) that holds the top 50 equipment projects, with a total value of more than £100bn, to account.
