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Costain wins two contracts

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Engineering group Costain (LON:COST) has secured two contracts today including a £102 million deal to design and construction phase of the A8 Belfast to Larne Dualling.

This contract was secured in joint venture with Lagan Construction and Ferrovial Agroman.

Separately, Costain has also been appointed as preferred bidder design and build contractor by Severn Trent Water to replace its largest covered service reservoir in Derbyshire. This project is worth a total £27 million.

“(The contracts) demonstrate, not only the breadth of our service offering, but also our ability to deliver strategically vital infrastructure projects from the initial design stage, through  consultation and project feasibility, to this stage enabling project delivery to commence; as we continue to meet the national needs,” said chief executive of Costain Andrew Wyllie.

“Our focus continues in working closely with our partners to deliver excellent outputs for our customers.”

Quick facts: Costain Group

Price: 80 GBX

LSE:COST
Market: LSE
Market Cap: £92.04 m
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