Costain wins contract to build first bridge over the Thames in 20 years

Construction giant Costain has won a contract to build the first major road crossing over the River Thames in almost 20 years.

The firm said it had received the go-ahead from Surrey County Council to construct the bridge between Walton and Shepperton as part of a £32.3m scheme.

The Walton bridge is due to be completed in 2013 and will replace two temporary bridges in the area.

The government has agreed to contribute just under £23.9m to the project with the council providing a further £8.5m.

Earlier this month business services group Mouchel rejected an improved takeover approach worth about £148m from Costain.

Earlier this month Costain won a £71m school-building contact from Lewisham Council, which it expects to complete by September 2013.

The company also said it received a £59m highway-construction contract from Neath Port Talbot County Borough Council.

Shares in Costain closed one per cent higher yesterday at 227.19p, valuing the business at £143m.