7th May 2008 12:21
Costain Group PLC07 May 2008 COSTAIN GROUP PLC("Costain") Costain secures 5-year extension of AMP4 contract with Southern Water through to2015 Costain announces that the 4D consortium, in which it has a 40 per cent share,has secured an extension to its current 5-year AMP4 contract with SouthernWater. The extension will cover the period from 1 April 2010 through to 31March 2015. The other members of the consortium are United Utilities and Montgomery WatsonHarza. The original contract commenced in 2005 with responsibility for managing part ofSouthern Water's regulatory capital investment programme through to 2010. Thevalue of that contract was approximately £700 million. Full details of the 2010-15 contract cannot be finalised until the outcome ofthe forthcoming price review is known. Andrew Wyllie, Chief Executive of Costain, said: "We are delighted to have been awarded the extension. The award is the resultof excellent delivery to date by Costain and its partners on the original AMP4contract. We are particularly pleased to be gaining visibility on such animportant earnings stream for Costain this early in the contract renewalprocess." 7 May 2008 ENQUIRIES:Costain Group PLC Tel: 01628 842 444Graham Read, Public Relations College Hill Tel: 020 7457 2020Mark GarrawayAdam Aljewicz This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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