leadf
logo-loader
RNS
viewCostain Group

Costain Group PLC - Costain Appointed onto Strategic Pipeline Alliance

RNS Number : 1833P
Costain Group PLC
08 June 2020
 

8 June 2020

 

Costain Group PLC

("Costain" or "the Group" or "the Company")


COSTAIN APPOINTED ONTO ANGLIAN WATER STRATEGIC PIPELINE ALLIANCE

Costain, the smart infrastructure solutions company, has been appointed onto Anglian Water's over £350 million new Strategic Pipeline Alliance.

 

Under the eight-year contract, as part of the alliance, Costain will provide a range of integrated services including strategic programme management, digital technology expertise and complex programme delivery for the supply-side strategy of our client's Water Resources Management Plan.

 

Costain's expertise in digital technology and complex programme delivery will enable the efficient delivery of Anglian Water's physical assets which include an ambitious plan to create a series of up to 500km of interconnecting pipelines and associated infrastructure to move water from areas of surplus in Lincolnshire down to the drier south and east of the region. In addition, our digital technology teams will enable the delivery of a digital twin of the physical assets, allowing Anglian Water to optimise its management of the water network for more efficient operations and maintenance.

 

Alex Vaughan, CEO of Costain, commented:

 

"By bringing together and integrating our programme management consultancy, digital twin expertise and complex programme delivery capabilities, Costain, as part of this newly formed alliance, will help Anglian Water as it strategically addresses the challenges it faces in this dry region.

 

"Once complete, the contract will see new systems and assets, within a digital framework working together with existing networks to provide Anglian Water greater flexibility in how it manages water supply and growing demand."

 

Anglian Water is the largest geographic water and wastewater company in England and Wales, transporting water across some 27,500 square kilometres in a region facing future water scarcity resulting from a changing climate and growing population. 

 

The alliance is formed of Costain, Jacobs, Mott McDonald Bentley and Farrans, who will work together to support Anglian Water in delivering sustainable growth in their region, increase the resilience of its network, and create greater operational flexibility to meet the changing needs and expectations of its customers.

 

This framework contract win follows the news last week that Costain had been appointed to Yorkshire Water's Technical Services Framework and adds to the future pipeline of work for the Group's water sector.

 

ENDS

 

Enquiries:

 

Costain

   Tel: 01628 842 444

Alex Vaughan, Chief Executive Officer


Tony Bickerstaff, Chief Financial Officer


Carolyn Rich, Investor Relations Director


Sara Lipscombe, Group Communications Director


MHP Communications
Tim Rowntree
Peter Hewer

[email protected]
Tel: 020 3128 8527
Tel: 07709 326 261

 

Notes to editors

 

Costain helps to improve people's lives with integrated, leading edge, smart infrastructure solutions across the UK's energy, water, transportation and defence markets. We help our clients improve their business performance by increasing capacity, improving customer service, safeguarding security, enhancing resilience, decarbonising and delivering increased efficiency.  Our vision is to be the UK's leading smart infrastructure solutions company.  We will achieve this by focusing on blue chip clients whose major spending plans are underpinned by strategic national needs, regulatory commitments, legislation or essential performance requirements. We offer our clients leading edge solutions that are digitally optimised through the following five services which cover the whole lifecycle of their assets:  shaping our future infrastructure; consultancy and advisory; digital technology solutions; asset optimisation and complex programme delivery.  Our culture and values underpin everything we do.

 

For more information visit www.costain.com 

 

 

 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
 
END
 
 
CNTFZGGVNNRGGZM

Quick facts: Costain Group

Price: 32.65

Market: LSE
Market Cap: £89.77 m
Follow

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

FOR OUR FULL DISCLAIMER CLICK HERE

4 min read