Regulatory Story
Go to market news section View chart   Print
RNS
Costain Group PLC  -  COST   

Re Contract

Released 07:00 09-Jan-2013

RNS Number : 1397V
Costain Group PLC
09 January 2013
 



Costain Group PLC

("Costain" or "the Group")

 

Costain Joint Venture awarded £48m Network Rail contract

 

Costain (COST.LN), one of the UK's leading engineering solutions providers, is pleased to announce that it has been awarded a £48m contract with Network Rail for Phase Three of the West Coast Power Supply Upgrade, which is part of a c£300m investment by Network Rail in power upgrade.

The project will be delivered by ABC Electrification, a Joint Venture ('JV') between Costain, Alstom and Babcock. The JV brings together global electrification experience, large scale UK rail capability and major programme management expertise. The contract is part of Network Rail's £9.4bn investment in electrifying British railways. The works in the North West of England will safely support more frequent services and the longer trains that are planned for the West Coast Mainline.

Work will commence in early 2013 and is expected to complete in 2016.

Andrew Wyllie, Chief Executive of Costain, commented:

"The award of this contract provides further demonstration of Costain's position as a major player in the rail sector, delivering integrated services for complex and large scale infrastructure projects which are vital to the UK economy."

Ends

9 January 2013

 

 

ENQUIRIES:




Costain Group PLC

Tel: 01628 842 444

Graham Read, Communications Director

 

 

 

College Hill

 

Tel: 020 7457 2020

Mark Garraway


Helen Tarbet


 

 


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


London Stock Exchange plc is not responsible for and does not check content on this Website. Website users are responsible for checking content. Any news item (including any prospectus) which is addressed solely to the persons and countries specified therein should not be relied upon other than by such persons and/or outside the specified countries. Terms and conditions, including restrictions on use and distribution apply.

 


Re Contract - RNS