Costain wins Highways Agency

RNS Number : 1598C

Costain Group PLC

09 November 2009

 



COSTAIN GROUP PLC

("Costain" or "the Group")

Costain appointed to Highways Agency maintenance framework contract for Midlands

Costain announces that it has been appointed, in joint venture with Lafarge, to the Midlands Works Framework Contract 4 by the Highways Agency.  This framework has been established to undertake structural work, surfacing and roadworks in the Midlands Area up to a total framework value of £250 million over two years.  

This framework enables the Highways Agency to implement the Treasury's fiscal stimulus initiative and is also available to several Local and Unitary Authorities including Leicestershire, Northamptonshire, Derbyshire, Lincolnshire, Nottinghamshire, Rutland, Peterborough and Staffordshire.

Commenting on the contract award, Andrew Wyllie, Chief Executive, said:

"This framework appointment further strengthens Costain's position as a market leader in highways maintenance in the UK and supports our near-term visibility of forward earnings. "

9 November 2009

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

 

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