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Costain wins ?397M waste contract

9th Apr 2009 07:00

RNS Number : 3927Q
Costain Group PLC
09 April 2009
 



Costain Group PLC 

("Costain" or the "Group")

Costain wins £397 million Greater Manchester waste contract

Costain announces that it has been awarded a £397 million contract by Viridor Laing (Greater Manchester) Ltd to design and build municipal waste treatment infrastructure as part of the Greater Manchester Waste Disposal Authority's (GMWDA's) PFI Waste and Recycling Contract, which is the largest municipal waste contract in Western Europe.

The project, which will cost £3 billion to completewill treat the 1.3 million tonnes of municipal waste the GMWDA handles annually. The project comprises the design, construction and commissioning of a total of 44 different facilities spread across 26 locations, including:

25 household waste recycling centres, 16 of which are being completely redeveloped;

5 mechanical biological treatment plants (each approx 100,000 tonnes per annum);

4 in-vessel composting plants (each approx 44,000 tonnes per annum);

1 Material Recovery Facility ( 16 tonnes per hour);

7 Transfer Loading Stations; and

2 Green Waste facilities

Serving a resident population of over 2 million people, GMWDA is the largest waste disposal authority in England. It provides waste disposal services to approximately 958,000 households across Bolton, Bury, ManchesterOldhamRochdaleSalfordStockport, Tameside and Trafford, and handles around 5% of the UK's national municipal waste.

Andrew Wyllie, Chief Executive, commented:

"This is a major project win for Costain.  We have deliberately targeted the waste sector where we can leverage our complementary process engineering skills and expertise from our water operations We intend to build a major presence in this rapidly expanding UK and European regulated marketplace, and look forward to building the waste services business into one of Costain's leading divisions."

9 April 2009

ENQUIRIES:

Costain Group PLC

Tel: 01628 842 444

Andrew Wyllie, Chief Executive

Graham Read, Communications Director

College Hill

Tel: 020 7457 2020

Mark Garraway

Adam Aljewicz

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