Costain Group PLC Contract (0167S)

TIDMCOST

RNS Number : 0167S

Costain Group PLC

16 December 2016

Costain Group PLC

("Costain" or "the Group")

Costain secures contract renewal for Highways England

Costain, the engineering solutions provider, is pleased to announce the renewal by Highways England of the Area 14 Maintenance and Response contract, covering much of the North East of England, in a 50:50 Joint Venture with CH2M.

The contract is estimated to be worth up to GBP120m to the Joint Venture over 15 years with work beginning in April 2017.

The Joint Venture will provide routine and cyclical maintenance work, incident and severe weather response and will be responsible for the maintenance of depot facilities for Highways England.

Andrew Wyllie CBE, Chief Executive of Costain commented:

"I am delighted that we are now able to continue working with Highways England as part of the new Area 14 contract. We will be delivering an innovative, technology-based approach to asset management that will lead to improved levels of efficiency, environmental sustainability and the highest safety standards."

16 December 2016

Enquiries:

 
 Costain                           Tel: 01628 842 444 
 Andrew Wyllie CBE, Chief 
  Executive 
 Tony Bickerstaff, Finance 
  Director 
  Sara Lipscombe, 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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December 16, 2016 02:00 ET (07:00 GMT)

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