27th Jan 2026 08:44
Costain Group PLC - Maidenhead, England-based construction and engineering - Wins contract worth GBP100 million over five years to design and build a new M5 motorway junction serving a major gigafactory project in the UK. The contract, awarded under the Regional Delivery Partnership framework, is to deliver junction 22A on the M5 in Somerset. The new junction will provide access to the 'Gravity Smart Campus' and a planned GBP4 billion electric vehicle battery gigafactory, expected to be Britain's largest. The gigafactory is being built by batter maker Agratas Energy Storage Solutions Pte Ltd, part of India's Tata group. As delivery integration partner and main works contractor, Costain will manage design, engineering, programme delivery and supply chain coordination. Chief Executive Officer Alex Vaughan says the project "builds on [Costain's] long-established highways expertise".
Current stock price: 174.60 pence, up 0.7% in London on Tuesday
12-month change: up 82%
By Tom Waite, Alliance News editor
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