Costain Group PLC NEW CONTRACT AWARDS ACROSS THE HIGHWAYS SECTOR (2427R)

TIDMCOST

RNS Number : 2427R

Costain Group PLC

28 October 2019

Costain Group PLC

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

NEW CONTRACT AWARDS ACROSS THE HIGHWAYS SECTOR

28 October 2019

Costain, the smart infrastructure solutions company, has been awarded a range of new highways contracts in the last quarter, totalling over GBP150 million. The projects awarded incorporate a mix of services from consultancy and digital technology solutions through to programme management and complex project delivery, demonstrating Costain's strong capabilities to add value in shaping the UK's future transport infrastructure.

The contract wins include a major project for Lancashire County Council, which will see Costain deliver Preston Western Distributor Road Project, including the new East West Link Road and the new Cottam Link Road.

Under this contract, Costain will support the improvement in capacity and connectivity across the region's strategic road network, as well as improving connections to residential areas through enhanced pedestrian and cycle route access.

The appointment to the scheme follows successful collaboration with Lancashire County Council during Early Contractor Involvement, drawing on Costain's consultancy expertise to progress the scheme through planning, design development and the budget development phases.

Deploying leading edge ways of working and using data driven programme management, the project will deliver enhanced outcomes for the client. The delivery phase of the project commenced this month and is expected to be completed in early 2023.

Costain has also recently been awarded a contract by Highways England to install enhanced highways technology within three areas in the South East. This technology will assist with the management of traffic on the trunk road and motorway network, helping Highways England improve safety, relieve congestion and provide an enhanced experience for the customer.

Alex Vaughan, CEO of Costain, commented:

"We're at the forefront of this exciting sector, helping our clients shape the UK transportation landscape. An increasing number of companies are looking for consultancy and digital technology expertise, alongside complex programme capabilities, in the delivery of vital projects to support our highways network. Through our integrated service mix we can provide a full value proposition, to deliver much-needed capacity and resilience enhancements across the UK's road network."

ENDS

Notes to Editor

Costain helps to improve people's lives with integrated, leading edge, smart infrastructure solutions across the UK's energy, water, transportation and defence markets. We help our clients improve their business performance by increasing capacity, improving customer service, safeguarding security, enhancing resilience, decarbonising and delivering increased efficiency. Our vision is to be the UK's leading smart infrastructure solutions company. We will achieve this by focusing on blue chip clients whose major spending plans are underpinned by strategic national needs, regulatory commitments, legislation or essential performance requirements. We offer our clients leading edge solutions that are digitally optimised through the following five services which cover the whole lifecycle of their assets: future-shaping strategic consultancy; consultancy and advisory; digital technology solutions; asset optimisation and complex programme delivery. Our culture and values underpin everything we do.

For more information visit www.costain.com

Enquiries:

 
 
   Costain                                      Tel: [phone] 
 Alex Vaughan, Chief Executive Officer 
 Tony Bickerstaff, Chief Financial 
  Officer 
  Carolyn Rich, Investor Relations Director 
  Sara Lipscombe, Group Communications 
  Director 
 
 Instinctif Partners                          Tel: [phone] 
 Mark Garraway 
 James Gray 
  Emily Smart 
 

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October 28, 2019 03:00 ET (07:00 GMT)