Costain Group PLC Re Contract (7461E)

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RNS Number : 7461E

Costain Group PLC

15 May 2013

Costain Group PLC

("Costain" or "the Group")

Costain appointed to Thames Water AMP6 programme

Costain, one of the UK's leading tier one engineering solutions providers, is pleased to announce that it has been appointed by Thames Water to its 2015 - 2020 investment programme ('AMP6' - Asset Management Period number six), in a contract worth approximately GBP450m to Costain.

Costain has been appointed to an initial two-year Early Contractor Involvement ['ECI'] contract and will then agree a five-year contract to deliver the AMP6 capital programme from 2015 to 2020. The contract may then be extended for a further five years from 2020 to 2025, as part of AMP7.

In joint venture with Veolia and Atkins, Costain will deliver a significant proportion of Thames Water's programme of essential upgrades to water and wastewater networks and treatment facilities across the capital. The investment in the programme by Thames Water is GBP2.5 billion in total, and will be one of the largest current asset management contracts in Europe.

Andrew Wyllie, Chief Executive of Costain, commented:

"We are delighted to have been selected by Thames Water to deliver this major AMP6 contract.

"The award is a consequence of our ability to work collaboratively, deliver sustainable innovative solutions to major infrastructure needs, and provide value for money. It also further reinforces Costain's position as one of the leading UK engineering service providers in the water sector."

Ends

15 May 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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