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DUBLIN - Flowtech Fluidpower plc (AIM:FLO) has secured a €4.5 million contract to upgrade the mechanical and electrical systems of Rice Bridge in Waterford City, Ireland, according to a company press release statement.
The contract, which was officially signed on June 13, involves modernizing the 41-year-old bridge’s outdated Mechanical, Electrical, Instrumentation, Control, and Automation (MEICA) systems. The project will span 15 months of primary work followed by a 12-month period to address any remaining issues.
Rice Bridge, opened in 1984, serves as a critical transportation link in Waterford, carrying thousands of vehicles daily and supporting local commerce routes, public transport, and emergency services.
The rehabilitation project is being funded on a multi-annual basis under the Strategic Grant category for local and regional roads, with €1.5 million allocated for 2025. The contract signing was attended by local government officials including the Mayor of Waterford City and County, the Government Chief Whip and Minister of State for Mental Health, and the Minister of State for Local Government and Planning.
Flowtech’s CEO Mike England and several company executives who contributed to securing the project were present at the signing ceremony.
The bridge, named after Edmund Ignatius Rice, founder of the Christian Brothers, has become a landmark in Waterford but its electrical and mechanical components have deteriorated over the past four decades, necessitating the comprehensive upgrade that Flowtech will now undertake.
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