Share Prices & Company Research

Market News

23 Aug 2018 | 08:06

Costain receives contract from Network Rail to reduce risk at level crossings

Smart infrastructure solutions company Costain said Thursday it had been commissioned by Network Rail to develop a new type of enhanced warning technology which would help reduce the number of incidents at passive footpath and bridleway level crossings across Britain.

The new enhanced warning devices - which would detect an oncoming train and provide an audible and visible warning to alert users – is expected to have a significant impact on public safety at level crossings.

Under the terms of the so-called Meerkat contract, Costain's team would work closely with Network Rail to develop the technology and the first units are expected to be installed within the next 12 months.

The technology is expected to be installed at sites across Britain over the next five years. At 8:06am: (LON:COST) Costain Group PLC share price was -3.5p at 447.5p

Story provided by StockMarketWire.com
Get in touch today
Join Redmayne Bentley
Talk to us now about opening a new account or transferring your account from another provider
0113 243 6941
Get in touch today
Contact your local office
Contact your local office to find out more
The value of your investments and the income from them may go down as well as up, and you could get back less than you invested.
We use cookies on this site to improve your experience and help us provide you with a better website. An explanation of the cookies we use and their purpose can be found within our Cookie Policy. Your continued use of this site means you consent to the use of cookies.