Costain seals Crossrail deal

City A.M. Reporter
A CONSORTIUM consisting of British engineering company Costain and French firms Alstom and TSO have won a contract worth over €350m (£296.3m) to fit out London’s Crossrail tunnels.

The Franco-British consortium said yesterday it would fit out 21 kilometres of twin tunnels that will stretch under London with the track and power equipment necessary for Crossrail trains to operate from 2018.

The £16bn Crossrail scheme, which will join up east and west London, is Europe’s biggest infrastructure project and is part-funded by city and national authorities, and some private funding.

Shares in Costain closed up 1.74 per cent, slightly above the wider market.