Costain Group PLC NEW CONTRACT AWARDS ACROSS THE HIGHWAYS SECTOR (2427R)
October 28 2019 - 3:00AM
UK Regulatory
TIDMCOST
RNS Number : 2427R
Costain Group PLC
28 October 2019
Costain Group PLC
("Costain" or "the Group" or "the Company")
NEW CONTRACT AWARDS ACROSS THE HIGHWAYS SECTOR
28 October 2019
Costain, the smart infrastructure solutions company, has been
awarded a range of new highways contracts in the last quarter,
totalling over GBP150 million. The projects awarded incorporate a
mix of services from consultancy and digital technology solutions
through to programme management and complex project delivery,
demonstrating Costain's strong capabilities to add value in shaping
the UK's future transport infrastructure.
The contract wins include a major project for Lancashire County
Council, which will see Costain deliver Preston Western Distributor
Road Project, including the new East West Link Road and the new
Cottam Link Road.
Under this contract, Costain will support the improvement in
capacity and connectivity across the region's strategic road
network, as well as improving connections to residential areas
through enhanced pedestrian and cycle route access.
The appointment to the scheme follows successful collaboration
with Lancashire County Council during Early Contractor Involvement,
drawing on Costain's consultancy expertise to progress the scheme
through planning, design development and the budget development
phases.
Deploying leading edge ways of working and using data driven
programme management, the project will deliver enhanced outcomes
for the client. The delivery phase of the project commenced this
month and is expected to be completed in early 2023.
Costain has also recently been awarded a contract by Highways
England to install enhanced highways technology within three areas
in the South East. This technology will assist with the management
of traffic on the trunk road and motorway network, helping Highways
England improve safety, relieve congestion and provide an enhanced
experience for the customer.
Alex Vaughan, CEO of Costain, commented:
"We're at the forefront of this exciting sector, helping our
clients shape the UK transportation landscape. An increasing number
of companies are looking for consultancy and digital technology
expertise, alongside complex programme capabilities, in the
delivery of vital projects to support our highways network. Through
our integrated service mix we can provide a full value proposition,
to deliver much-needed capacity and resilience enhancements across
the UK's road network."
ENDS
Notes to Editor
Costain helps to improve people's lives with integrated, leading
edge, smart infrastructure solutions across the UK's energy, water,
transportation and defence markets. We help our clients improve
their business performance by increasing capacity, improving
customer service, safeguarding security, enhancing resilience,
decarbonising and delivering increased efficiency. Our vision is to
be the UK's leading smart infrastructure solutions company. We will
achieve this by focusing on blue chip clients whose major spending
plans are underpinned by strategic national needs, regulatory
commitments, legislation or essential performance requirements. We
offer our clients leading edge solutions that are digitally
optimised through the following five services which cover the whole
lifecycle of their assets: future-shaping strategic consultancy;
consultancy and advisory; digital technology solutions; asset
optimisation and complex programme delivery. Our culture and values
underpin everything we do.
For more information visit www.costain.com
Enquiries:
Costain Tel: 01628 842 444
Alex Vaughan, Chief Executive Officer
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
Emily Smart
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END
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