Costain Group PLC (COST.LN), a engineering, construction, maintenance and land development company, along with its partner MWH, has achieved preferred bidder status on a potential GBP15 million contract for Severn Trent Water (SVT.LN) to construct a new treated water pumping station at Frankley, one of its major water treatment works in Birmingham.

MAIN FACTS:

-Frankley water treatment works supplies water to around 1.4 million people in Birmingham and the surrounding area, making it a major piece of national infrastructure and a vital asset for Severn Trent Water.

-Early works are planned from December 2010 with major construction activities expected to be underway in the summer of 2011.

-The scheme is expected to take around two years to complete.

-Shares at 1449 GMT down 3.5 pence, or 1.76%, at 195 pence.

-By Zechariah Hemans, Dow Jones Newswires; 44-20-7842-9411; zechariah.hemans@dowjones.com

 
 
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