Costain Group PLC Re Contract (1234X)

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RNS Number : 1234X

Costain Group PLC

17 November 2014

Costain Group PLC

("Costain" or "the Group")

Costain secures delivery phase on GBP100m Highways Agency contract

Costain, the engineering solutions provider, is pleased to announce that it has been appointed by the Highways Agency to deliver major improvements to the A556.

This GBP101.7m contract award follows on from Costain's delivery of the Early Contractor Involvement (ECI) phase of the scheme, using our specialist expertise to develop the detailed design and take the scheme through the new national planning process.

Work will be carried out between M6 Junction 19 at Knutsford with M56 Junction 7 near Bowdon to create a dual carriageway over its 4 miles (6.5km) length, and has been designated by the Highways Agency as a Nationally Significant Infrastructure Project.

Work will commence immediately, with the new link road expected to open in 2016/7.

The scheme will contribute towards economic growth in the area, significantly improving journey time reliability, and help improve road safety in line with Government targets.

Andrew Wyllie, Chief Executive of Costain, commented:

"We are delighted to have secured the delivery phase of this vital scheme, following our successful work during the ECI phase in providing specialist design consultation and securing planning approval.

"This award is further demonstration of the importance to Costain of long-term, strategic partnerships with our customers, and our ability to deliver a range of innovative integrated services."

17 November 2014

Enquiries:

 
Costain                         Tel: 01628 842 444 
Andrew Wyllie, Chief Executive 
Tony Bickerstaff, Finance 
 Director 
Graham Read, Communications 
 Director 
 
Instinctif Partners             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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