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16 Oct 2019 | 10:02

Costain JV partner MWH Treatment wins contract from Southern Water

Smart infrastructure solutions company Costain said its existing joint venture partner MWH Treatment, had been selected by Southern Water to extend the AMP6 contract as part of the water company's investment programme. Pending final determination of Southern Water's 'Water for Life' Business Plan, this initial contract was worth approximately £325m to the joint venture in an equal share over the five-year period. Under the extended contract, the joint venture would develop and deliver a range of solutions to maintain and improve Southern Water's water supply and wastewater treatment in meeting their outcome commitments.

Costain and MWH Treatment would deliver their element of the forthcoming AMP7 regulatory investment programme as part of Southern Water's multibillion-pound business plan spanning five years from 2020 to 2025.

The AMP7 contract would begin in April 2020 and would see Costain collaborating with Southern Water ensuring they optimise innovation and efficiency throughout AMP7 delivery.

At 10:02am: (LON:COST) Costain Group PLC share price was -2.8p at 171.6p

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