The services and construction company will present the plan to shareholders and lenders on Wednesday. It will form the basis of a proposal to restore Carillion’s balance sheet. The group said it was in talks about ways to reduce its mounting debt pile and securing new funding.
Carillion has debts, including pensions of about £1.5bn, according to analysts’ estimates.
Carillion is a major supplier to the government with a number of contracts, including construction of the UK’s HS2 rail project and school building programmes.
Last week the company said it was being investigated by the Financial Conduct Authority over the timeliness and content of its stock market announcements from July 10 to December 7 last year.