Costain Group PLC Costain selected as AMP7 delivery partner (3619T)
2019年3月20日 - 4:00PM
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RNS Number : 3619T
Costain Group PLC
20 March 2019
Costain Group PLC
("Costain" or "the Group" or "the Company")
COSTAIN SELECTED BY SEVERN TRENT AS AMP7 DELIVERY PARTNER
20 March 2019
Costain, the smart infrastructure solutions company, has been
awarded a place on Lot 1 of the Capital Delivery Framework by
Severn Trent Water, as part of the delivery of its c. GBP2 billion
capital programme for Asset Management Period (AMP) 7.
Under the contract, Costain will bring together its design,
construction and consultancy expertise to undertake renewal and
refurbishment projects and the detailed design and build of capital
projects.
As part of the Capital Delivery Design and Build Frameworks lot,
Costain will look to assist Severn Trent in its target to make
continuous improvements to its safety performance, whilst ensuring
continuity of supply and consequently lowering costs of its
customers.
The contract builds on Costain's involvement in Severn Trent's
AMP6 programme through to AMP7, and is worth c. GBP250 million to
the Group over the five year period. The contract will commence in
April 2019 and will run from 2020 - 2025, with potential to extend
the contract for a further 36 months.
The Group continues to be involved in a wide range of tendering
activity across the water sector in anticipation of AMP7.
Andrew Wyllie CBE, chief executive of Costain, commented:
"We're delighted to have secured a place on the capital delivery
framework and is testament to our track record of performance on
AMP6 for efficient and safe delivery. On this framework we will
provide technology-led solutions to help Severn Trent as they
commit significant investment to ensuring the provision of a
resilient water future for households and businesses in the
Midlands and mid-Wales."
ENDS
Notes to Editor
Costain helps to improve lives with smart infrastructure
solutions across the UK's energy, water and transportation
infrastructures. We help to safeguard the security, increase the
capacity, improve customer service and drive efficiency in our
clients' infrastructure programmes. Our strategy is to become the
UK's leading smart infrastructure solutions company through our
focus on blue chip clients whose major spending plans are
underpinned by strategic national needs, regulatory commitments or
essential maintenance requirements. We offer a broad range of
innovative services across the whole life cycle of our clients'
assets by integrating complex delivery, consultancy, technology and
asset optimisation services. Our culture and values underpin
everything we do.
For more information visit www.costain.com
Enquiries:
Costain Tel: 01628 842
444
Andrew Wyllie CBE, Chief Executive
Tony Bickerstaff, Chief Financial Officer
Carolyn Rich, Investor Relations Director
Sara Lipscombe, Group Communications
Director
Instinctif Partners Tel: 020 7457
2020
Mark Garraway
James Gray
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END
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