Costain Group PLC Re Contract (5481N)

TIDMCOST

RNS Number : 5481N

Costain Group PLC

01 February 2016

Costain Group PLC

("Costain" or "the Group")

Costain awarded GBP110m Preston Western Distributor Road contract

Costain, the engineering solutions provider, has been awarded an Early Contractor Involvement ('ECI') contract by Lancashire County Council for the Preston Western Distributor and associated Link Roads. The contract is worth an anticipated GBP110 million to Costain, and follows on from the M6-Heysham project which the Group is currently delivering for this customer.

The scheme, awarded via the Preston, South Ribble and Lancashire City Deal, will link the A583/A584 to a new junction on the M55 via a 4km dual carriageway, with link roads to new housing areas at Cottam and North West Preston. The road is a key element of the City Deal Partnership's plans to support new development and economic growth in the region.

The contract includes supporting the Council in delivering the scheme through the statutory process, including planning and design development prior to project delivery.

Early Contractor work will start immediately, with main project delivery taking place from 2017 to 2019.

Andrew Wyllie CBE, Chief Executive of Costain, said:

"We are delighted to have been awarded this ECI contract which further underlines our position as a market leader in the delivery of critical highways schemes which support regional economic growth."

Enquiries:

 
 Costain                        Tel: 01628 842 444 
 Andrew Wyllie CBE, Chief 
  Executive 
 Tony Bickerstaff, Finance 
  Director 
  Graham Read, Communications 
  Director 
 Catherine Warbrick, Investor 
  Relations 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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February 01, 2016 02:00 ET (07:00 GMT)

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