Costain bags three highways contracts
Engineering group Costain said it had secured three additional highways contracts worth a minimum of 15 million pounds.
Engineering group Costain said it had secured three additional highways contracts worth a minimum of 15 million pounds.
The first, a four-year technology contract, is for the maintenance of Road Network Communications and Tunnel Systems across Wales and worth around £15m.
It involves routine maintenance and fault repair of technology systems such as CCTV cameras, variable messaging signs, emergency telephones and traffic signals and includes the strategic routes of the M4, A55, and Conwy tunnels.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Costain will commence the new service in early 2013, following a transition and handover period.
The company has also been appointed onto both North and South lots of the Highways Agency Asset Support Framework.
The framework allows the Agency to call on suppliers, including Costain, for larger maintenance schemes and improvement works, up to the value of £15m each.
There is no commitment by the Agency to spend under the framework, but Costain said over £750m of work packages were expected to be awarded through it over the next three years.
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
-
Regulator moves to protect access to cash amid branch closures and disappearing ATMs
News The Financial Conduct Authority has told banks to start assessing if local communities have adequate cash access from mid-September
By Marc Shoffman Published
-
VAT hike on private school fees could come earlier than previously expected
The government could start charging VAT on private school fees as soon as January 2025, according to the latest reports. What does it mean for parents?
By Katie Williams Published