Costain wins £315m Crossrail contracts

(Source: Reuters)

Costain, the manufacturing firm, has won £315 of Crossrail contracts with two joint ventures (with Alstom and TSO) (release). Design work will begin immediately, with construction expected to begin in 2014.

Crossrail will open in 2018. The Crossrail route will pass through 37 stations and will increase London's rail-based transport network capacity by 10 per cent. An estimated 200 million people will travel on Crossrail each year.

Andrew Wyllie, chief executive of Costain, commented:

The Crossrail scheme is providing a much-needed solution to upgrading a key part of the nation's travel infrastructure. We are delighted to have been awarded these contracts, which follow on from other Crossrail projects we are involved in, including the construction of the Bond Street and Paddington stations and works at Eleanor Street and Mile End Park. We believe these further wins demonstrate the successful implementation of our 'Choosing Costain' strategy in which we focus group-wide resources on meeting the developing requirements of major blue chip customers.