Re Contract

RNS Number : 7790T

Costain Group PLC

25 November 2013

 



Costain Group PLC

("Costain" or "the Group" or "the Company")

Costain awarded Paddington New Yard contract by Crossrail

Costain, one of the UK's leading engineering solutions providers, is pleased to announce that it has been awarded a contract by Crossrail to construct Paddington New Yard, between Crossrail's tunnels and the Great Western railway. This is the eleventh Crossrail contract with which Costain has been involved and is worth approximately £30m to the Group. 

The project includes the construction of a bus parking deck to allow space for Crossrail trains to diverge from the Great Western line, as well as preparatory work for the installation of new rail track and systems for new sidings.

Work will commence immediately and is expected to complete in December 2015.

Andrew Wyllie, Chief Executive of Costain, commented:

"The Crossrail scheme is meeting a vital national requirement, creating a key part of the UK's transport infrastructure.  

"Costain was selected because of our ability to deliver value as a long-standing partner, which we believe is firmly in keeping with 'Engineering Tomorrow': our commitment to generating and delivering innovative, value-driven solutions to meet major national needs."

25 November 2013

Enquiries:

Costain	Tel: [phone]
Andrew Wyllie, Chief Executive
Tony Bickerstaff, Finance Director
Graham Read, Communications Director
College Hill	Tel: [phone]
Mark Garraway
Helen Tarbet

 

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