Re Contract

RNS Number : 1397V

Costain Group PLC

09 January 2013

Costain Group PLC

("Costain" or "the Group")

Costain Joint Venture awarded £48m Network Rail contract

Costain (COST.LN), one of the UK's leading engineering solutions providers, is pleased to announce that it has been awarded a £48m contract with Network Rail for Phase Three of the West Coast Power Supply Upgrade, which is part of a c£300m investment by Network Rail in power upgrade.

The project will be delivered by ABC Electrification, a Joint Venture ('JV') between Costain, Alstom and Babcock. The JV brings together global electrification experience, large scale UK rail capability and major programme management expertise. The contract is part of Network Rail's £9.4bn investment in electrifying British railways. The works in the North West of England will safely support more frequent services and the longer trains that are planned for the West Coast Mainline.

Work will commence in early 2013 and is expected to complete in 2016.

Andrew Wyllie, Chief Executive of Costain, commented:

"The award of this contract provides further demonstration of Costain's position as a major player in the rail sector, delivering integrated services for complex and large scale infrastructure projects which are vital to the UK economy."

Ends

9 January 2013