REG - Costain Group PLC - Costain Secures New AMP8 Framework Agreement

CostainAnnouncement

04/06/2024 14:45

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RNS Number : 0903R  Costain Group PLC  04 June 2024

 

Costain Group PLC

4 June 2024

Costain secures new AMP8 Framework Agreement with United Utilities

New contract expands Costain's positions with leading water companies

 

Costain Group PLC ("Costain") announces that it has been selected by United
Utilities PLC ("United Utilities") as one of seven partners that will deliver
its new strategic investment programme.

This new programme, which expands the relationship between Costain and United
Utilities, is expected to see the seven partners deliver £3bn of projects
during the 2025-2030 Asset Management Period 8 (AMP8) period. The agreement
also offers the potential for a further five-year extension (2030-2035).

Costain will work with United Utilities and its partners to form an integrated
enterprise delivery organisation to deliver upgrades to United Utilities'
complex infrastructure and non-infrastructure assets, including water and
wastewater treatment sites, pumping stations and reservoirs. Costain's
services will include design, construction and asset optimisation services.

As part of this strategic framework, Costain will actively engage and build
strong relationships with United Utilities and other supply chain partners, to
help United Utilities deliver services in an environmentally sustainable,
economically beneficial, and socially responsible manner to create sustainable
long-term value for all.

This contract builds on United Utilities extending its Managed Service
Provider contract with Costain for AMP8 which was announced last year.

Alex Vaughan, CEO, Costain, said:

"We're delighted that this new contract win extends our relationship with
United Utilities and that we can bring our leading strategic expertise to
support upgrades of its critical infrastructure. This announcement builds on
our growing positions with the leading water companies as they prepare for the
vital AMP8 investment period.

"This appointment demonstrates our strong track record for delivering
pioneering solutions, the strength of our leading water expertise, as well as
our successful reputation for working in effective collaborative enterprises.
It also builds on our existing Managed Services Framework with United
Utilities, now in its sixth year of operation. Together, we will safeguard the
supply of water and deliver committed environmental improvements.

"In addition, this work will be transformative for the local economy,
increasing prosperity, creating jobs, and developing skills across the region.
It also reinforces our commitment to improving infrastructure in the
North-West of England, where we're already working to upgrade the region's
transportation and energy networks, generating opportunities for the local
supply chain and driving growth."

 

 

 

 

 

Enquiries:

 

Investors and
analysts
paul.sharma@costain.com

Paul Sharma,
Costain
+44 (0) 7867 501188

 

Financial media - Headland
                        costain@headlandconsultancy.com
(mailto:costain@headlandconsultancy.com)

Andy
Rivett-Carnac
+44 (0) 7968 997 365

Charlie Twigg
                                         +44 (0) 7946 494
568

 

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.

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