Costain Group PLC Costain joint ventures win two Crossrail contracts (2886C)

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RNS Number : 2886C

Costain Group PLC

15 April 2013

Costain Group PLC

("Costain" or "the Group" or "the Company")

Costain joint ventures win two Crossrail contracts

Costain, one of the UK's leading tier one engineering solutions providers, is pleased to announce that ATC ('ATC'), its Joint Venture with Alstom and TSO, has been awarded a contract worth approximately GBP300m to design, fit-out and commission the railway systems in Crossrail's tunnel network.

Under the contract, ATC will design and install track, overhead lines and mechanical and electrical equipment to fit out the 21km of twin tunnels currently being bored under the streets of London.

Design work will commence immediately, with the fit-out works starting in 2014, and will be carried out within the entire tunnelled and surface sections of the Crossrail route between Royal Oak, Pudding Mill Lane and Plumstead Portals.

Costain is also pleased to announce that in Joint Venture with Alstom it has been awarded the GBP15m contract for the design, construction and commissioning of the system that will provide traction power for the trains in the central tunnelled section of the Crossrail scheme.

Work will involve the construction of several auto-transformer stations and a feeder station site at Pudding Mill Lane to provide a 25 kV supply to the overhead line equipment that will power the new Crossrail trains. Costain is also constructing for National Grid the new cable tunnels to provide power to the other Crossrail feeder station at Kensal Green.

Crossrail will open in 2018. The Crossrail route will pass through 37 stations and will increase London's rail-based transport network capacity by 10 per cent. An estimated 200 million people will travel on Crossrail each year.

Andrew Wyllie, Chief Executive of Costain, commented,

"The Crossrail scheme is providing a much-needed solution to upgrading a key part of the nation's travel infrastructure. We are delighted to have been awarded these contracts, which follow on from other Crossrail projects we are involved in, including the construction of the Bond Street and Paddington stations and works at Eleanor Street and Mile End Park. We believe these further wins demonstrate the successful implementation of our 'Choosing Costain' strategy in which we focus group-wide resources on meeting the developing requirements of major blue chip customers."

15 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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