Costain Group PLC Network Rail 'Meerkat' Technology Contract
23 August 2018 - 4:01PM
RNS Non-Regulatory
TIDMCOST
Costain Group PLC
23 August 2018
Costain Group PLC
("Costain" or "the Group" or "the Company")
COSTAIN AWARDED NETWORK RAIL CONTRACT TO CREATE 'MEERKAT'
ENHANCED WARNING DEVICE TO REDUCE RISK AT LEVEL CROSSINGS
23 August 2018
Costain, the smart infrastructure solutions company, has been
commissioned by Network Rail to develop a new type of enhanced
warning technology which will help reduce the number of incidents
at passive footpath and bridleway level crossings across
Britain.
Currently around five people a year are killed at level
crossings in Britain with hundreds of reported near misses. The new
enhanced warning devices - which will detect an oncoming train and
provide an audible and visible warning to alert users - will have a
significant impact on public safety at level crossings.
The contract will see Costain's team work closely with Network
Rail to develop the technology and the first units are expected to
be installed within the next 12 months. Work is already underway to
design and develop the Meerkat solution. When developed and
approved, the Meerkat contract sees the technology installed at
sites across Britain over the next five years.
Andrew Wyllie CBE, chief executive at Costain, said:
"Maintaining safety on the rail network is an important focus
and the award of this contract demonstrates how smart
infrastructure solutions can help save lives."
Allan Spence, head of passenger and public safety at Network
Rail said:
"This is an important project which will help further reduce
level crossing risk across the network. Meerkat will give users
information on whether it is safe to cross and allow us to replace
hundreds of Victorian 'whistleboards' - helping line side
neighbours as well as improving safety."
ENDS
Notes to Editor
About Costain
Costain helps to improve people's lives by deploying
technology-based engineering solutions to meet urgent national
needs across the UK's energy, water and transportation
infrastructures. We have been shaping the world in which we live
for the past 150 years.
The Group's 'Engineering Tomorrow' strategy involves focusing on
blue chip clients in chosen sectors whose major spending plans are
underpinned by strategic national needs, regulatory commitments or
essential maintenance requirements.
Costain's 4,000 people, who are committed to high performance
and safe delivery, are working on a number of high profile
contracts in the UK incorporating a broad range of innovative
services across the whole life-cycle of our clients' assets and
does so through the delivery of consultancy, technology, asset
optimisation and complex delivery services.
For more information visit www.costain.com
Enquiries:
Costain Tel: 01628 842 444
Andrew Wyllie CBE, Chief Executive
Tony Bickerstaff, Chief Financial Officer
Carolyn Rich, Investor Relations Director
Sara Lipscombe, Group Communications
Director
Instinctif Partners Tel: 020 7457 2020
Mark Garraway
James Gray
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END
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