Re Contract

Costain Group PLC

("Costain" or "the Group")

Costain awarded five-year framework for Network Rail

Costain, one of the UK's leading engineering solutions providers, is pleased to announce that it has been awarded a five-year, multi-functional framework contract for Network Rail, anticipated to have an initial value to Costain of approximately £60m.

The framework involves projects across a number of multidisciplinary works, covering civil engineering, track construction, power delivery, signalling, and mechanical and electrical works. The projects will include underbridge repair and replacement, footbridge construction, major earthworks, and works to tunnels and station platforms and buildings. 

Costain will also act as programme manager of a number of sites dispersed around the Kent area. Work will commence in April 2014.

Andrew Wyllie, Chief Executive of Costain, commented:

"We are delighted to have been awarded this important framework by Network Rail, helping to upgrade and refresh the UK's transport infrastructure. The appointment reflects the ongoing broadening of our service offering, in which we form long-term, strategic partnerships with our customers to deliver services across the full life cycle of their assets."

17 December 2013

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