Wins framework contract with Highways Agency


 

TIDMCOST 
 
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 GBP2 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: 01628 842444               | 
+---------------------------------+---------------------------------+ 
| Graham Read, Communications     |                                 | 
| Director                        |                                 | 
+---------------------------------+---------------------------------+ 
|                                 |                                 | 
+---------------------------------+---------------------------------+ 
| College Hill                    | Tel: 020 7457 2020              | 
+---------------------------------+---------------------------------+ 
| 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 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
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