REG - Costain Group PLC - Contract <Origin Href="QuoteRef">COSG.L</Origin>

CostainAnnouncement

16/12/2016 07:00

RNS Number : 0167S
Costain Group PLC
16 December 2016
Costain Group PLC
("Costain" or "the Group")
Costain secures contract renewal for Highways England
Costain, the engineering solutions provider, is pleased to announce the renewal by Highways England of the Area 14 Maintenance and Response contract, covering much of the North East of England, in a 50:50 Joint Venture with CH2M.
The contract is estimated to be worth up to 120m to the Joint Venture over 15 years with work beginning in April 2017.
The Joint Venture will provide routine and cyclical maintenance work, incident and severe weather response and will be responsible for the maintenance of depot facilities for Highways England.
Andrew Wyllie CBE, Chief Executive of Costain commented:
"I am delighted that we are now able to continue working with Highways England as part of the new Area 14 contract. We will be delivering an innovative, technology-based approach toasset managementthat will lead to improved levels of efficiency, environmental sustainability and the highest safety standards."
16 December 2016
Enquiries:
Costain
Tel: 01628 842 444
Andrew Wyllie CBE, Chief Executive

Tony Bickerstaff, Finance Director
Sara Lipscombe, Communications Director

Catherine Warbrick, Investor Relations Director


Instinctif Partners
Tel: 020 7457 2020
Mark Garraway

Helen Tarbet

James Gray


This information is provided by RNS
The company news service from the London Stock Exchange
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