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Pin to quick picksCostain Regulatory News (COST)

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Costain awarded M6 smart motorway contract

4 Jun 2018 07:00

RNS Number : 0983Q
Costain Group PLC
04 June 2018
 

Costain Group PLC

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

 

Costain awarded M6 J21a-26 smart motorway contract for Highways England

 

4 June 2018

 

Costain, the smart infrastructure solutions company, announces the award of the M6 J21a-26 smart motorway contract by Highways England.

 

Under the contract Costain will design and deliver the smart motorway scheme across a 16km length of the M6 to increase capacity and improve journey reliability on this strategic highway.

 

The scheme will involve the installation of road-side technology and new infrastructure focused on improving the driver experience.

 

The contract, worth approximately £150m and awarded under the collaborative delivery framework, is expected to be completed by Spring 2021.

 

 

Andrew Wyllie CBE, chief executive commented:

 

"This contract builds on our strong track record, working with Highways England, to apply technology-based solutions to increase the capacity and improve the reliability of the UK's road infrastructure."

 

 

Enquiries:

 

Costain

Tel: 01628 842 444

Andrew Wyllie CBE, Chief Executive

Tony Bickerstaff, Chief Financial Officer

Catherine Warbrick, Investor Relations Director

Sara Lipscombe, Group Communications Director

Instinctif

Tel: 020 7457 2020

Mark Garraway

James Gray

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
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