Costain order book up by 20%

Following on from the strong performance in 2008, the Costain Group has continued to perform well and in line with the Board’s expectations according to an interim statement issued this week.

Since the beginning of the year, the Group’s forward order book has significantly increased by
20% to a new record level of £2.4 billion. In addition, it has preferred bidder positions in excess of £800 million.To date over £900 million of revenue has been secured for 2009, which is ahead of the comparable figure last year.


The Civil Engineering operations, which represent over 85% of the Group’s order book and incorporate Environment and Infrastructure related activities, are performing well and have made excellent progress with a number of significant new orders secured since 1 January 2009.

In Environment, which includes the Group’s activities in the water, waste and marine markets, Costain, in a joint venture, won a major 10-year contract with Severn Trent with an estimated total value of £400 million, commencing with the next Asset Management Period, AMP5, which begins in April 2010.

The Group was awarded a £397 million four-year contract to design and build municipal waste treatment infrastructure as part of the Greater Manchester Waste Disposal Authority’s (GMWDA’s) PFI Waste and Recycling Contract, the largest municipal waste contract in Western Europe.

In Infrastructure, which includes the Group’s activities in the highways, rail, nuclear and airport sectors,Costain, in joint venture, was awarded a five-year £200 million Managing Agent Contractor (‘MAC’) contract to carry out routine operational and maintenance services and deliver improvements on the motorways and trunk roads in Area 12, which covers Yorkshire and North Lincolnshire.