Re Contract

RNS Number : 0576L

Costain Group PLC

26 July 2011

 



Costain Group PLC

("Costain" or "the Group")

Costain-Skanska Joint Venture awarded fourth Crossrail contract

Costain (COST.LN), one of the UK's leading engineering solutions providers, is pleased to announce that it has been awarded, in Joint Venture with Skanska, the contract to construct the Crossrail Paddington Station.

The project, which is worth approximately £150m, is the first station contract to be awarded as part of the £14.8bn Crossrail programme to create a new railway link between Maidenhead to the west of London and Abbey Wood and Shenfield to the East. Crossrail will boost London's rail-based capacity by 10 per cent, delivering new journey opportunities, faster journey times and up to 24 trains per hour between Paddington and Whitechapel during the peak.

The Crossrail Paddington Station is one of seven new underground stations to be constructed. It will be a key interchange with the existing Network Rail services at the Paddington Mainline station and with London Underground. The new Crossrail station in Paddington has been designed to maximise the station's space while preserving the historic features of the main line station. The new station will take the form of a 260m long, 25m wide and 23m deep underground box located directly under Departures Road and Eastbourne Terrace. Paddington will be just 9 minutes to Liverpool Street, 16 minutes to Canary Wharf and 27 minutes to Abbey Wood.

Construction will commence this year.

Andrew Wyllie, Chief Executive of Costain, commented:

"We are delighted to have secured our fourth Crossrail contract, reflecting our ability to consistently deliver valuable solutions in the rail sector utilising our broad range of capabilities and depth of expertise. We look forward to working with Crossrail to deliver this landmark station and to playing our part in enhancing London's transport infrastructure."

26 July 2011

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

Notes to Editors

Costain is a leading UK engineering company which has a portfolio spanning more than 140 years of technical excellence and a vision to be one of the UK's top solutions providers. The Company's business segments are in Infrastructure (Highways, Rail, Nuclear and Airports), Environment (Water, Waste, Marine and Education), Energy & Process (hydrocarbons & chemicals, nuclear process and power activities) and Land Development.

The Company is focused on market sectors where it expects there to be a significant investment driven by national needs.

It has worked on a number of high profile infrastructure projects in the UK, including the St Pancras railway station and the Channel Tunnel Rail Link, and is currently working on a number of major projects including the municipal waste treatment infrastructure for the Greater Manchester Waste Disposal Authority and EVAP D at Sellafield, one of the largest nuclear projects in the UK.

For further information please visit the company website: www.costain.com

 

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