Millions of pounds worth of Housing Executive contracts are in the process of being transferred following the collapse of construction giant Carillion.

The contracts, in maintenance, heating and mechanical and electrical works, will be awarded to Engie, a global company headquartered in Paris.

All of the contracts’ employees, estimated to be around 250, are expected to continue in their roles, working under the same terms and conditions.

The contracts, mainly in Belfast and county Down, are worth up to an estimated £46 million, the Northern Ireland Housing Executive said.

A spokesman said: “The Board of the Housing Executive has agreed to novate the contracts it previously held with Carillion Energy Services Limited, to Engie.

“Engie, a global energy and services group, was the preferred bidder identified by PwC special managers, appointed following Carillion’s liquidation. The existing terms and conditions of the legacy Carillion contracts, including costs and service delivery, will remain.

“We are now working with PwC to begin the novation process.”

Construction services company Carillion went into insolvency last month, resulting in more than 1,000 job losses.