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
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.