Wins framework contract with

RNS Number : 2671H

Costain Group PLC

17 February 2010

 



COSTAIN GROUP PLC

("Costain" or "the Group")

Costain wins framework contract with Highways Agency

Costain announces that it has been appointed, in joint venture with Serco, as one of the Delivery Partners to the Highways Agency's National Framework Contract.

This framework contract, which will primarily involve the delivery of earlier schemes in the Managed Motorway Programme, is focussed on enhancing the capacity and reliability of England's motorway network by installing, testing and commissioning a technology solution to allow hard shoulder running and other improvements to the network.

Up to £2 billion of contracts will be delivered through the framework of four Delivery Partners including the Costain/Serco joint venture. 

Commenting on the award, Andrew Wyllie, Chief Executive of Costain, said:

"This is a strategically important win for Costain.  We identified some time ago the trend towards prioritising capacity enhancement through efficiency initiatives alongside new road build.  Our joint venture with Serco was formed specifically to win contracts like this.  We are delighted to have secured this contract with such an important client and one that further strengthens our position as one of the UK's leading solution providers in the Highways sector."

17 February 2010

ENQUIRIES:
Costain	Tel: [phone]
Graham Read, Communications Director
College Hill	Tel: [phone]
Mark Garraway
Adam Aljewicz

Notes to Editors

Costain is an international engineering and construction group with a reputation for technical excellence founded on more than 140 years of experience. The Company's business segments are in Infrastructure (Highways, Rail, Nuclear and Airports), Environment (Water, Waste and Marine), Community (Health, Education and Retail), Energy & Process and Property Development.

The Company is focused on market sectors where it expects there to be a significant investment over the next few years and where it can build and maintain strong positions.

It has worked on a number of significant infrastructure projects in the UK, including the St Pancras railway station and the Channel Tunnel Rail Link, and is currently working on a number of significant projects including the municipal waste treatment infrastructure for the Greater Manchester Waste Disposal Authority and EVAP D at Sellafield, one of the largest nuclear projects in the UK.

For further information please visit the company website: www.costain.com

 

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