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Contract Wins and Joint Ventures

Costain's win

05 January 2017 07:17

Costain has secured a place on Transport for London's surface transport major projects framework, which covers the delivery, upgrade and maintenance of bridges, tunnels and highways across London and expects full year rtesults to be in line with forecasts.

Costain is one of three suppliers for the four-year Framework, which is valued at up to £500m in total, and includes design, planning and complex project delivery work. The Framework may be extended by two years at TfL's discretion.

During a previous Framework Costain carried out the strengthening of the Hammersmith Flyover, a highly complex project which was delivered ahead of schedule. Chief executive Andrew Wyllie said: "We are delighted that TfL has again chosen Costain as a delivery partner for the Major Projects Framework. It is a reflection of our strong track record in applying innovative techniques in highways."

The group also said that since the announcement of its interim results on 24 August, it has continued to perform well and expects to deliver full-year results in line with the Board's expectations. The group says its unique and focused 'Engineering Tomorrow' strategy is successfully positioning the business to provide the range of innovative integrated services demanded by its major customers who are spending billions of pounds in the UK upgrading and renewing the country's energy, water and transportation infrastructures.

Story provided by StockMarketWire.com

Related Company: COST

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