Become a Member
  • Track your favourite stocks
  • Create & monitor portfolios
  • Daily portfolio value
Sign Up
Quickpicks
Add shares to your
quickpicks to
display them here!

Costain awarded Anglian Water contract extension

4th Jun 2025 12:17

RNS Number : 4348L
Costain Group PLC
04 June 2025
 

 

Costain Group PLC

4 June 2025

 

Costain and Alliance Partners Secure Extension to Anglian Water Strategic Pipeline Scheme

 

 

Costain Group PLC ("Costain"), as part of the Strategic Pipeline Alliance (SPA), today announces that the SPA has been chosen by Anglian Water to deliver an additional 260 kilometres of major strategic pipeline in the East of England over the next five years, to improve resilience to drought and climate change by transferring water from wetter regions to drier parts of their region.

 

Water resilience is a critical area of focus for the water industry, with significant investment planned over the next 10 years. Costain has been working with Anglian Water through AMP7 to deliver their critical resilience programme and, as the industry transitions to AMP8, the SPA has been awarded this extension to the existing contract. The extension builds on the existing SPA interconnector work and will take the total length of the strategic pipeline bringing resilience of supply to East Anglia to 580km.

 

Alex Vaughan, chief executive officer, commented: "Creating a sustainable future for the UK is core to our business, with water resilience being a critical national need. We are pleased to continue working with Anglian Water and our SPA partners in delivering this essential new infrastructure.

 

This award builds on the strong positions we hold across the water industry through AMP8 as part of the £5.4bn forward work position we reported as at the end of 2024, and we expect to see further awards as we build on our strong portfolio of work in supporting water companies to meet their regulatory commitments."

 

Enquiries

 

 

Investors and analysts

Matt Jones, Costain

[email protected]

+44 (0) 7860 922341

Financial media - Headland

[email protected] 

Andy Rivett-Carnac

Charlie Twigg

+44 (0) 7968 997 365

+44 (0) 7946 494 568

 

Notes to editors

 

Costain helps to improve people's lives by creating connected, sustainable infrastructure that enables people and the planet to thrive. We shape, create and deliver pioneering solutions that transform the performance of the infrastructure ecosystem across the UK's transport, energy, water, and defence markets.

 

We are organised around our customers anticipating and solving their challenges and helping to improve performance. By bringing together our unique mix of construction, consulting and digital experts we engineer and deliver sustainable, efficient and practical solutions.

This information is provided by Reach, the non-regulatory press release distribution service of RNS, part of the London Stock Exchange. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
NRABBGDLSBGDGUS

Related Shares:

Costain
FTSE 100 Latest
Value8,834.03
Change-41.19