Costain Group Regulatory News (COST)

Costain Group PLC

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

Costain Awarded A160/A180 Highways Agency Contract

Costain, one of the UK's leading engineering solutions providers, is pleased to announce that it has been awarded an Early Contractor Involvement ('ECI') contract by the Highways Agency for the A160/A180 Port of Immingham Improvement scheme, North Lincolnshire. Costain is responsible for design development and construction, which is estimated to be valued at £34 million.

The project aims to reduce traffic congestion and improve safety for the local community and road users by upgrading the current single carriageway road to a dual carriageway, with new bridges and junction improvements.

In view of its contribution to the economic growth of the region, and in support of the Government's National Infrastructure Plan, the scheme was selected as one of the Highways Agency's accelerated delivery projects. Design development work will commence this month.

Andrew Wyllie, Chief Executive of Costain, commented,

"The award of this contract further demonstrates the successful implementation of our commitment to 'Engineering Tomorrow': to identify, develop and implement innovative solutions to complex national needs. We are pleased to have been selected for this accelerated delivery scheme and we look forward to working with the Highways Agency to deliver an excellent outcome."

19 July 2013

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