Costain Group PLC Six-year framework contract award (5555G)
07 November 2018 - 6:00PM
UK Regulatory
TIDMCOST
RNS Number : 5555G
Costain Group PLC
07 November 2018
7 November 2018
Costain Group PLC
("Costain" or "the Group" or "the Company")
Costain awarded six-year framework contract by Highways
England
Costain, the smart infrastructure solutions company, has been
awarded a six-year framework contract by Highways England under the
new partnership to deliver the Regional Investment Programme
('RIP') during Road Period 1 (2015-2020) and Road Period 2
(2020-2025).
Under the framework, Costain has been appointed as Delivery
Integration Partner in the North Region & in the East Region
covering the full lifecycle of the projects including development,
design and complex delivery.
The combined value to Costain is expected to be c. GBP1.5
billion over the period of the framework.
The RIP will change the way schemes are delivered on the
strategic road network moving to a longer-term, integrated approach
to support Highways England in their ongoing transformation.
The work to be delivered under the framework is part of Highways
England's ongoing objectives to improve safety, increase capacity
and to improve the user experience across its network.
Costain brings significant expertise in the management of
complex project delivery and a focus on technology and innovation,
which will support the key objectives outlined by Highways England
in its Strategic Business Plan for 2015-2020.
Andrew Wyllie CBE, chief executive, commented:
"I am delighted that Costain has been successful in securing
this partnership, building on our longstanding strategic
relationship with Highways England. We look forward to bringing our
expertise in management of complex investment programmes to support
Highways England with its ambitions for this framework."
Under Tranche 1 of the framework, Costain is working with Jacobs
as a strategic partner to design and deliver the following
schemes:
- A1 Scotswood to Brunton
- A1 Birtley to Coalhouse
- A1 in Northumberland
- A12 Chelmsford A120 Widening
Tranche 2 schemes will be announced during the course of the
framework and following the finalisation of the second Road
Investment Strategy (RIS2).
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
Notes to Editors
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 are committed to high performance and
safe delivery. They are delivering a broad range of innovative
services including consultancy, technology, asset optimisation and
complex delivery services across a range of high profile contracts
in the UK incorporating the whole life cycle of our clients'
assets.
For more information visit www.costain.com
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END
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