Costain wins Port Talbot highways contract (8086Y)

TIDMCOST

RNS Number : 8086Y

Costain Group PLC

04 January 2011

COSTAIN GROUP PLC

("Costain" or "the Group")

Costain wins GBP59m Port Talbot highways contract

Costain has been awarded a GBP59m contract by Neath Port Talbot County Borough Council for the Port Talbot PDR project to construct 4.5 km of dual carriageway access road from the M4 Junction 38 into Port Talbot and the Docks as well as completing the link to Junction 42 on the M4 and West Wales.

The scheme includes the construction of a bridge over the Swansea to London railway, railway realignment and signalling works and a new main entrance into Port Talbot Tata Steelworks.

Commenting on the contract award, Andrew Wyllie, Chief Executive of Costain, said:

"We are delighted to have been awarded this contract for Port Talbot which again underlines our position as a market leader in the construction and maintenance of highways in the UK."

4 January 2011

 
 ENQUIRIES: 
 
 Costain                                Tel: 01628 842444 
 Graham Read, Communications Director 
 
 College Hill                           Tel: 020 7457 2020 
 Mark Garraway 
 Adam Aljewicz

Notes to Editors

Costain is one of the UK's leading construction and engineering companies and is currently at the forefront of the drive to develop and improve the nation's infrastructure.

In its targeted sectors, Costain is playing a major role in the provision of new facilities for a range of sectors ranging from waste to transport. The Company's strategy is entitled 'Choosing Costain' and everyone in the organisation is committed to making Costain the automatic choice in terms of both business and technical excellence.

Costain's origins date back to 1865. Since then the Company has featured in some of the world's major construction projects including the Channel Tunnel. Now the Company focuses on specific sectors within three divisions: Infrastructure - Highways, Rail, Airports and Nuclear sectors; Environment - Water, Waste, Marine and Education sectors; Energy & Process - Nuclear Process, Power and Hydrocarbons & Chemicals sectors.

Costain has a strong order book. Significant contract awards include the GBP397 million contract (design, construction and commissioning of 44 different facilities) for the Greater Manchester Waste Disposal Authority. In addition, Costain has won (as part of the 4D consortium) a GBP225 million contract with Southern Water to manage the design and build of a new waste water treatment works in the Brighton and Hove area. Costain is also heavily involved in the Nuclear sector and, in the Summer of 2009, announced the award of a GBP297 million contract for full Engineering, Procurement, Construction and Inactive Commissioning of the Evaporator D project at Sellafield.

The Company's status was underlined at the Construction News 2009 Quality Awards when Costain won the Supreme Award for best overall performance. More recently, the Company was named 'Contractor of the Decade' by New Civil Engineer at the magazine's annual awards in London in August 2010.

This information is provided by RNS

The company news service from the London Stock Exchange

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