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Last checked at 
16 Dec 2016 07:00
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 to asset management that 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 |
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