Costain wins Bond Street tube

RNS Number : 7422Q

Costain Group PLC

09 August 2010

 



Costain Group PLC

("Costain")

Costain awarded Bond Street tube station upgrade contract

Costain announces that it has been awarded, in joint venture with Laing O'Rourke, a £130 million construction contract to redevelop the London Underground's Bond Street tube station in central London. The total cost of redeveloping Bond Street tube station is in the region of £300 million.

The contract was awarded by Transport for London (TfL) and is part of London Underground's Tube Upgrade Programme. The expanded tube station will join with the new Crossrail station at Bond Street to form one overall station.

More than 155,000 passengers currently use Bond Street tube station every day, a figure that is expected to rise to over 225,000 with the arrival of Crossrail in 2017.

The work will focus on the north side of London's retail hub Oxford Street to boost capacity and create step free access to the station. Work is due to begin in the autumn.

Andrew Wyllie, the Chief Executive of Costain, said:

"We are delighted to have been awarded this contract in the heart of central London, which further builds on our two recent contracts with Crossrail and again demonstrates our skills and capabilities in this area."

9 August 2010

ENQUIRIES:
Costain Group PLC	Tel: [phone]
Graham Read, Communications Director
College Hill	Tel: [phone]
Mark Garraway
Adam Aljewicz

Notes to Editors

Costain, one of the UK's leading construction and engineering companies, is currently at the forefront of the drive to develop and improve the nation's infrastructure.

In its targeted sectors, Costain is playing a major role in the provision of new facilities for a range of sectors ranging from waste to transport. The Company's strategy is entitled 'Choosing Costain'  and everyone in the organisation is committed to making Costain the automatic choice in terms of both business and technical excellence.

The Costain origins date back to 1865. Since then the Company has featured in some of the world's major construction projects including the Channel Tunnel. Now the Company focuses on specific sectors within three divisions: Infrastructure - Highways, Rail, Airports and Nuclear sectors; Environment - Water, Waste, Marine and Education sectors; Energy & Process - Nuclear Process, Power and Hydrocarbons & Chemicals sectors. Costain currently has a record order book. Contracts include the £397 million contract (design, construction and commissioning of 44 different facilities) for the Greater Manchester Waste Disposal Authority. In addition, Costain has won (as part of the 4D consortium) a £225 million contract with Southern Water to manage the design and build of a new wastewater treatment works in the Brighton and Hove area. Costain is also heavily involved in the Nuclear sector and in the Summer 2009 announced the award of a £297 million contract for full Engineering, Procurement, Construction and Inactive Commissioning of the Evaporator D project at Sellafield.

The Company's status was underlined at the Construction News 2009 Quality Awards when Costain won the Supreme Award for best overall performance.

 

END

 

 

CNTSSDSAUFSSELA