Costain Group PLC Re Contract (0050P)

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Costain Group PLC

03 June 2015

Costain Group PLC

("Costain" or "the Group")

Costain JV awarded A14 Improvement Scheme contracts by Highways England

Costain, the engineering solutions provider, is pleased to announce it has been appointed by Highways England to deliver two of the three sections of the A14 Cambridge to Huntingdon Improvement Scheme.

The Costain joint venture with Skanska has been awarded Package One, covering the A1 junction at Alconbury to the East Coast Mainline and Package Two covering east of the East Coast Mainline to Swavesey. Following an initial pre-construction phase and subsequent approval to commence construction, the joint venture will complete the two packages totalling circa GBP600 million of work.

The A14 Improvement Scheme is required to enhance the capacity and reliability of the UK strategic road network in order to ensure better journeys for road users.

Stretching over 25 miles, the works will improve this highly congested stretch of road. Initial design work will commence immediately with the development of detailed plans for the delivery phase, which will commence in late 2016. The road will be open to traffic in 2020, with the works in Huntingdon town being completed after.

Andrew Wyllie CBE, Chief Executive of Costain, commented:

"The A14 is a strategically vital transport corridor in East Anglia and we are delighted to have been appointed to this major improvement project by Highways England. This appointment reflects our reputation for delivering solutions to national infrastructure needs in long-term, strategic partnerships with our customers."

3 June 2015

Enquiries:

 
 Costain                                Tel: 01628 842 444 
 Andrew Wyllie CBE, Chief Executive 
 Tony Bickerstaff, Finance 
  Director 
 Catherine Warbrick, Investor 
  Relations 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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