Re Contract

RNS Number : 0719Y

Costain Group PLC

18 February 2013

 



Costain Group PLC

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

Costain Joint Venture Awarded £110 million Crossrail Contract

Costain, one of the UK's leading engineering solutions providers, is pleased to announce that in Joint Venture ('JV') with Skanska it has been awarded a Crossrail contract to construct the main station works at Bond Street Station, worth approximately £110 million.

The project will involve the main construction, platform fit-out and Mechanical and Electrical services for the Western Ticket Hall in Davies Street and the Eastern Ticket Hall in Hanover Square. It follows on from the contract already awarded to the JV and announced in March 2011, for the initial construction of the structure of the station.

Work will commence this month and is expected to complete in February 2017 ahead of Crossrail's opening in 2018.

Andrew Wyllie, Chief Executive of Costain, commented,

'This contract awarded to Costain by Crossrail is, we believe, further demonstration  of the successful implementation of our 'Choosing Costain' strategy, in which we focus on building long term relationships with and winning repeat works from blue chip customers who are spending billions on meeting vital infrastructure needs. This contract further contributes to the strength of our order book, which comprises approximately 90% repeat business.'

18 February 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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