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Costain confirms talks over Viridor Laing sub-contact

By BFN News | 07:53 AM | Wednesday 03 May, 2017


Costain has noted that Greater Manchester Waste Disposal Authority has decided to terminate recycling and waste management private finance initiative contract. But that it would 'continue to be administered in accordance with its provisions during the termination notice period'. Costain does not have a contract with the authority but is a sub-contractor to Viridor Laing (Greater Manchester) Limited relating to recycling and waste management in Greater Manchester. Costain said it had not been party to any discussions between the authority and Viridor Laing, but could confirm that talks were are taking place with Viridor Laing to consider the options in relation to Costain's sub-contract. It said a further announcement would be made when appropriate. Costain said that in the meantime it was continuing to fulfil its obligations under the sub-contract. Costain said it was not its policy to pursue any further contracts of this nature. Story provided by StockMarketWire.com

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