Confirmation of Contract Award

RNS Number : 3547L

Costain Group PLC

11 January 2016

 

Costain Group PLC

("Costain" or "the Group")

Costain confirms award of East Sussex highways services contract

Further to its announcement on 17 December 2015 of Preferred Bidder status, Costain, the engineering solutions provider, confirms today that as part of a Joint Venture ('JV') it has been awarded the contract by East Sussex County Council to deliver a comprehensive design, maintenance and improvement service covering over 2,000 miles of highways in the county.

Costain is in a 50:50 JV with CH2M; the contract is worth £300m to the JV over seven years. Work is scheduled to commence on 1 May 2016 following a four month mobilisation phase.

11 January 2016

 Enquiries:

Costain	Tel: [phone]
Andrew Wyllie CBE, Chief Executive
Tony Bickerstaff, Finance Director Graham Read, Communications Director
Catherine Warbrick, Investor Relations Director
Instinctif Partners	Tel: [phone]
Mark Garraway
Helen Tarbet
James Gray

 

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