Costain Group PLC Re Contract (7290T)

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RNS Number : 7290T

Costain Group PLC

22 July 2015

Costain Group PLC

('Costain' or 'the Group')

Costain JV awarded smart motorway contracts by Highways England

Costain, the engineering solutions provider, is pleased to announce it has been appointed by Highways England to deliver three smart motorway schemes in a Costain-led joint venture with Galliford Try worth in excess of GBP300 million.

England's motorways and major A roads are used by around four million drivers every day and upgrading and improving the network is a focus of significant government investment to support economic growth.

The smart motorway programme is part of Highways England's Collaborative Delivery Framework, to which Costain was appointed in November 2014. The activity will focus on increasing capacity on the M1 between junctions 13 to 16, 16 to 19 and 24 to 25. Work is due to start in autumn for the M1 16 to 19 scheme.

These improvements will include works to allow traffic to utilise the hard shoulder, the construction of a concrete centre reserve barrier and the introduction of roadside technology to monitor traffic flows and communicate with drivers using improved electronic signage.

For further information please see Highways England's website: http://www.highways.gov.uk

Andrew Wyllie CBE, Chief Executive of Costain, commented:

"We are delighted to have been awarded this further programme of works for Highways England.

"Costain's unique focus on supporting major blue chip customers through long-term, collaborative contracts, and the implementation of innovative technology-led solutions makes us a partner of choice in delivering essential national transport needs."

22 July 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 
 James Gray

This information is provided by RNS

The company news service from the London Stock Exchange

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