Costain secures £150m new highways orders

Smart infrastructure solutions company Costain said on Monday that it has been awarded a range of new highways contracts in the last quarter, totalling more than £150m.

The projects awarded incorporate a mix of services from consultancy and digital technology solutions through to programme management and complex project delivery.

The contract wins include a major project for Lancashire County Council, which will see Costain deliver Preston Western Distributor Road Project, including the new East West Link Road and the new Cottam Link Road.

Costain said it will support the improvement in capacity and connectivity across the region's strategic road network and improve connections to residential areas through enhanced pedestrian and cycle route access.

Chief executive officer Alex Vaughan said: "We're at the forefront of this exciting sector, helping our clients shape the UK transportation landscape. An increasing number of companies are looking for consultancy and digital technology expertise, alongside complex programme capabilities, in the delivery of vital projects to support our highways network.

"Through our integrated service mix we can provide a full value proposition, to deliver much-needed capacity and resilience enhancements across the UK's road network."

At 0950 GMT, the shares were up 0.5% at 173.20p.