COST Costain Group Plc

TIDMCOST

RNS Number : 5120U

Costain Group PLC

18 October 2010

Costain Group PLC

("Costain" or "the Company")

Tunnel Contract Award

Costain announces that it has been awarded a contract from National Grid for its London Cable Replacement Tunnel.

The contract is worth approximately GBP200 million and forms part of National Grid's investment plans in the capital to ensure a continued safe and reliable electricity transmission network.

The contract is to build a new high voltage electricity cable tunnel between Hackney and Willesden (via Kensal Green) and Kensal Green and Wimbledon. The tunnel is a total of 33km long.

Works will start later this year, with the tunnelling being completed by end of 2014 and with all associated works completed in November 2018.

Andrew Wyllie, Chief Executive, said:

"We are delighted to have been appointed by National Grid for this important project which will help to upgrade the nation's power infrastructure to meet future needs. This major award demonstrates Costain's ability to provide cost-effective engineering and technology-led solutions in this vital sector. In addition, Costain also welcomes the opportunity to develop a long-term partnership with National Grid."

18 October 2010

Enquiries:

 
 Costain                                Tel: 01628 842 444 
 Graham Read, Communications Director 
 
 College Hill                           Tel: 020 7457 2020 
 Mark Garraway 
 Adam Aljewicz 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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