REG - Costain Group PLC - Costain wins AMP8 framework with Southern Water

CostainAnnouncement

16/08/2024 09:30

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RNS Number : 6947A  Costain Group PLC  16 August 2024

 

 

Costain Group PLC

16 August 2024

 

Costain and MWH Treatment joint venture CMDP+ wins AMP8 framework with
Southern Water

 

Win marks Costain's latest major AMP8 award for 2024

 

 

Costain Group PLC ("Costain") announces that its CMDP+ joint venture with MWH
Treatment has been selected by Southern Water to shape and deliver its next
strategic asset upgrade programme.

 

The award is for an initial seven-year term worth at least £500m to Costain,
with an option to extend by up to five years.

CMDP+ has successfully secured a place on two Lots of the new Strategic
Delivery Partner framework, and the joint venture continues the long-standing
relationship between Costain, MWH Treatment and Southern Water. The framework
will deliver upgrades to water and wastewater assets, including treatment
sites, pumping stations and reservoirs, during Asset Management Period 8
(AMP8) and beyond. Southern Water expects that its AMP8 programme, which runs
from 2025 to 2030, will be the largest it has ever undertaken.

Costain has worked successfully with Southern Water through every asset
management investment period since 2000.

Alex Vaughan, CEO, Costain, commented: "This AMP8 announcement builds on our
growing positions with the leading water companies as they prepare for a
nationally important period of record investment.

"This framework marks three decades of delivering industry leading essential
solutions for Southern Water. Through our successful joint venture with MWH
Treatment, we will upgrade water and wastewater services for Southern Water
and its customers, safeguarding the environment, and securing water supplies
across the region; as well as creating new jobs and added social value."

Enquiries:

 

Investors and
analysts
paul.sharma@costain.com

Paul Sharma,
Costain
+44 (0) 7867 501188

 

Financial media - Headland
                        costain@headlandconsultancy.com
(mailto: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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