Costain Group PLC Re Contract (0670C)
2013年4月11日 - 3:00PM
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RNS Number : 0670C
Costain Group PLC
11 April 2013
Costain Group PLC
("Costain" or "the Group" or "the Company")
Costain Joint Venture awarded extension to highway maintenance
contract
Costain, one of the UK's leading tier one engineering solutions
providers, has, through its A-one+ joint venture with Halcrow and
Colas, been awarded a two-year extension to its five-year Managing
Agent Contractor ('MAC') contract, by the Highways Agency
('HA').
Under the contract, A-One+ will carry out a range of operational
and routine maintenance services and deliver improvements on the
motorways and trunk roads in the East Midlands (MAC Area 7). This
covers the counties of Derbyshire, Leicestershire, Lincolnshire,
Northamptonshire, Nottinghamshire and Rutland. The HA has already
worked with A-one+ to deliver substantial savings as part of the
retrofit of Asset Support Contract conditions to existing MAC
contracts. The extension will enable the HA to develop and test new
approaches to achieving even greater efficiencies.
The contract extension is forecast to be worth circa GBP60m per
annum and will extend the current contract to June 2016.
Andrew Wyllie, Chief Executive of Costain, commented,
"This significant contract extension demonstrates, we believe,
the successful implementation of our 'Choosing Costain' strategy in
which we focus on building long term relationships with and winning
repeat work from blue chip customers who are spending billions on
meeting vital infrastructure needs. This contract further
contributes to the strength of our order book, which comprises
approximately 90% repeat business."
11 April 2013
Enquiries:
Costain Tel: 01628 842 444
Andrew Wyllie, Chief Executive
Tony Bickerstaff, Finance Director
Graham Read, Communications Director
College Hill Tel: 020 7457 2020
Mark Garraway
Helen Tarbet
This information is provided by RNS
The company news service from the London Stock Exchange
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