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COST.GB Costain Group PLC

86.732
1.23 (1.44%)
10:15:47 - Realtime Data
Share Name Share Symbol Market Type Share ISIN Share Description
Costain Group PLC AQSE:COST.GB Aquis Stock Exchange Ordinary Share GB00B64NSP76
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  1.23 1.44% 86.732 84.00 91.00 87.50 84.732 85.50 26,754 10:15:47
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Costain Group PLC Costain Partners with Heathrow Airport (8084H)

29/11/2022 7:00am

UK Regulatory


Costain (AQSE:COST.GB)
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RNS Number : 8084H

Costain Group PLC

29 November 2022

Costain Group PLC

29 November 2022

Costain Partners with Heathrow Airport to Transform Operations and Performance

Costain Group PLC ("Costain") announces that it is partnering with Heathrow Airport to deliver its new investment programme, which will provide a step-change in the customer experience and transform the airport on its journey to become a net-zero aviation hub.

As delivery partner providing construction, consulting and digital capabilities, Costain will work with Heathrow throughout the project lifecycle to shape, create and deliver asset renewal and construction projects procured through the Terminal Asset Renewal Partner and Major Project Partner lots of the H7 framework. Costain has been awarded its first commission, early contractor involvement in the design phase of the upgrade of baggage handling facilities and systems at Terminal 2, via the Major Project Partner lot.

Sue Kershaw, Managing Director for Transportation at Costain, said: "I am delighted that our construction, consulting and digital experts have been selected to help Heathrow transform its performance. Our integrated team will work closely with Heathrow to address the challenges of rebounding from COVID, transforming to a net-zero airport and attracting new customers and airlines to give passengers a world-class airport experience."

The Costain Heathrow team will work across the lifecycle of renewal and construction projects, implementing a systems approach to identify efficiencies, streamline the delivery of works and provide a blueprint for sustainable operations. Costain will play the role of integrator within an enterprise model, ensuring that the delivery and operation of new infrastructure meets the requirements of the customer, supply chain, operator and passenger. Included in the scope of works are:

   --    Upgrades and improvements to Terminal 2 and adjacent facilities, 

-- Delivery of major projects, including construction of baggage handling facilities and implementation of baggage systems.

Heathrow's Chief Solutions Officer Helen Elsby said: "We have bold plans to improve Heathrow over the next four years, making sure journeys are smooth, safe and reliable. We are pleased to appoint a range of excellent partners on the vital infrastructure upgrades that will underpin this, and will continue to work with our regulator on a deal that supports this important work. We're pleased to welcome Costain back to Heathrow and to be working in partnership with them to improve passenger experience in the airport."

Enquiries

   Investors and analysts                                                   paul.sharma@costain.com 
   Paul Sharma                                                                     +44 (0) 7867 501188 
   Financial media - Headland                                         costain@headlandconsultancy.com 
   Andy Rivett-Carnac                                                         +44 (0) 7968 997 365 

Notes to editors

Costain helps to improve people's lives by creating connected, sustainable infrastructure that enables people and the planet to thrive. We shape, create and deliver pioneering solutions that transform the performance of the infrastructure ecosystem across the UK's transport, energy, water, and defence markets.

We are organised around our customers anticipating and solving their challenges and helping to improve performance. By bringing together our unique mix of construction, consulting and digital experts we engineer and deliver sustainable, efficient and practical solutions.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

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November 29, 2022 02:00 ET (07:00 GMT)

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