Costain Awarded Bond Street Contract

9 August 2010

Costain announces that it has been awarded, in joint venture with Laing O'Rourke, a £130 million construction contract to redevelop the London Underground's Bond Street tube station in central London. The total cost of redeveloping Bond Street Tube station is in the region of £300 million.

The contract was awarded by Transport for London (TfL) and is part of London Underground's Tube upgrade programme. The expanded Tube station will join with the new Crossrail station at Bond Street to form one overall station.

More than 155,000 passengers currently use Bond Street Tube station every day, a figure that is expected to rise to over 225,000 with the arrival of Crossrail in 2017.

The work will focus on the north side of London's retail hub Oxford Street to boost capacity and create step free access to the station. Work is due to begin in the autumn.

Andrew Wyllie, the Chief Executive of Costain, said: "We are delighted to have been awarded this contract in the heart of central London, which further builds on the two recent contracts with Crossrail and again demonstrates our skills and capabilities in this area."