Costain Group PLC Contract (0167S)
16 December 2016 - 6:00PM
UK Regulatory
TIDMCOST
RNS Number : 0167S
Costain Group PLC
16 December 2016
Costain Group PLC
("Costain" or "the Group")
Costain secures contract renewal for Highways England
Costain, the engineering solutions provider, is pleased to
announce the renewal by Highways England of the Area 14 Maintenance
and Response contract, covering much of the North East of England,
in a 50:50 Joint Venture with CH2M.
The contract is estimated to be worth up to GBP120m to the Joint
Venture over 15 years with work beginning in April 2017.
The Joint Venture will provide routine and cyclical maintenance
work, incident and severe weather response and will be responsible
for the maintenance of depot facilities for Highways England.
Andrew Wyllie CBE, Chief Executive of Costain commented:
"I am delighted that we are now able to continue working with
Highways England as part of the new Area 14 contract. We will be
delivering an innovative, technology-based approach to asset
management that will lead to improved levels of efficiency,
environmental sustainability and the highest safety standards."
16 December 2016
Enquiries:
Costain Tel: 01628 842 444
Andrew Wyllie CBE, Chief
Executive
Tony Bickerstaff, Finance
Director
Sara Lipscombe, Communications
Director
Catherine Warbrick, Investor
Relations Director
Instinctif Partners Tel: 020 7457 2020
Mark Garraway
Helen Tarbet
James Gray
This information is provided by RNS
The company news service from the London Stock Exchange
END
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