THIS
ANNOUNCEMENT CONTAINS INFORMATION WITHIN THE MEANING OF ARTICLE 7
OF THE MARKET ABUSE REGULATION (EU) 596/2014 AS IT FORMS PART
OF UK LAW BY VIRTUE
OF
THE
EUROPEAN UNION (WITHDRAWAL) ACT 2018
4 December
2024
Costain Wins New HS2 Systems
Contract
Contract
to deliver mechanical & electrical systems
Costain Group PLC ("Costain") today
announces that it is to be awarded a new
contract by HS2 Ltd. as a sole supplier to
deliver tunnel and lineside mechanical and electrical (M&E)
systems for HS2, with a total contract value worth a minimum of
£400m to Costain. This contract, to be signed in due course, starts
in Q1 2025 for a seven-year period, with the option for additional
contract extensions.
The contract will see Costain
deliver the design, supply, manufacture, installation, testing and
commissioning of HS2's Tunnel and Lineside M&E systems during
construction.
Alex Vaughan,
CEO of Costain, said:
"Costain has a long-standing
involvement with the UK's largest strategic infrastructure
programme and this new contract is a testament to the strength of
our collaborative and successful relationship with HS2.
Our teams will draw on their experience and expertise to
deliver world-class systems, using the latest technology to drive
efficiency."
This announcement contains inside
information. The person responsible for this announcement at
Costain is Helen Willis, Chief Financial Officer.
Enquiries:
|
Investors and
analysts
Paul Sharma, Costain
|
paul.sharma@costain.com
+44 (0)7867 501188
|
|
Financial
media - Headland
|
costain@headlandconsultancy.com
|
|
Andy Rivett-Carnac
|
+44 (0)7968 997365
|
|
Charlie Twigg
|
+44 (0)7946 494568
|
Notes to
editors
Costain helps to improve people's lives by
creating connected, sustainable infrastructure that enables people
and the planet to thrive. We shape, create and deliver pioneering
solutions that transform the performance of the infrastructure
ecosystem across the UK's transport, energy, water, and defence
markets.
We are organised around our customers,
anticipating and solving their challenges and helping to improve
performance. By bringing together our unique mix of construction,
consulting and digital experts we engineer and deliver sustainable,
efficient and practical solutions.