RCS - Costain Group PLC - Costain Appointed Magnox Decommissioning Framework

CostainAnnouncement

22/06/2023 10:45

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RNS Number : 6047D  Costain Group PLC  22 June 2023

 

 

Costain Group PLC

22 June 2023

 

 

Costain Appointed to Magnox Decommissioning Framework

Costain awarded share of £485m programme

 

Costain Group PLC ("Costain") announces that is has been awarded a place on a
new six-year framework for Magnox Ltd. to support the company across 11 sites
and deliver its decommissioning programme through to 2029.

The full programme of work, which is worth up to £485m, will contribute to
the clean-up of the UK's nuclear waste whilst reducing the environmental
impact of the sites and helping to deliver the Nuclear Decommissioning
Authority's strategic goals. Costain has secured a position on both Lot 1 and
Lot 2 of the framework utilising its full complex delivery and consultancy
capability.

Sam White, managing director, Natural Resources, Costain, commented:

"Costain has been implementing innovative solutions to deal with legacy
nuclear waste for more than 20 years and these awards build on our
decommissioning heritage with Magnox.

"Our previous work across the Magnox fleet has been instrumental in moving
sites towards Care and Maintenance - essentially de-fuelling, decommissioning
and creating safestores. This work represents a significant milestone along
the decommissioning journey towards eventual final site clearance."

Magnox is a wholly owned subsidiary of the Nuclear Decommissioning Authority
and Costain's experience will support the safe and secure closure of the
Magnox sites.

Paul Winkle, chief operating officer, Magnox said:

"This new decommissioning framework contract builds on the success of the
previous one. It is a key, collaborative business tool that will provide an
efficient, cost-effective route to market to decommission, demolish or re-use
redundant buildings.

"Magnox created a 7,400m(2) demolition footprint last year - that's the
collective size of 45 tennis courts. This is a significant achievement for the
company and all the supply chain partners involved.  We're looking to deliver
even more this year and the new framework contract will simplify the
procurement process to do that."

 

Enquiries

 

 Investors and analysts      paul.sharma@costain.com

 Paul Sharma, Costain        +44 (0) 7867 501188

 Financial media - Headland  costain@headlandconsultancy.com
 Andy Rivett-Carnac          +44 (0) 7968 997 365
 Charlie Twigg               +44 (0) 7946 494 568

 

 

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.

 

 

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