Bridgend County Borough Council, Merthyr County Borough Council and Rhondda Cynon Taf County Borough Council have entered into the agreement with Capita – valued at £75M – which will run for up to 15 years.
The new joint venture company will replace and supersede Glamorgan Engineering Consultancy (GEC) – a joint venture between the three authorities formed to design and manage local civil engineering projects.
It is expected to deliver significant savings to the local authorities, creating over 100 new jobs over the next five years while providing investment in the local communities such as the training and development of the local workforce.
Capita Symonds has had a similar joint venture in place with four authorities in South East Wales - Blaenau Gwent, Caerphilly, Monmouthshire and Torfaen Councils - for the last five years.– based in Capita Symonds' Cwmbran office.
Head of Engineering at Merthyr Tydfil County Borough Council Edward Foley said: "The creation of a major new private/public venture in conjunction with Capita Symonds presents a unique opportunity to expand the resource base and critical mass of the partnership. This will be accompanied by the advantage of competitive rates and local community benefits including the retention of highly skilled local employment opportunities along with training potential for much needed future engineers and support staff."
Capita Symonds managing director for Wales & the West Graham Cogswell said: "Our community investment plans will inspire, challenge, engage and support the new Joint Venture by continually improving our positive impact on society – helping our clients transform the way they do business."