U.K. engineering and construction company Costain Group PLC (COST.LN) Monday said it has won a contract worth about GBP200 million from National Grid PLC (NG.LN) to build a new high-voltage electricity cable tunnel as part of an upgrade to London's power infrastructure.

Costain said the contract forms part of National Grid's London investment plans to ensure a continued safe and reliable electricity transmission network.

The 33 kilometer-long London Cable Replacement Tunnel will be built between Hackney and Willesden (via Kensal Green), and Kensal Green and Wimbledon.

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

-By Hannah Benjamin, Dow Jones Newswires; 44-20-7842-9298; hannah.benjamin@dowjones.com
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