20 June 2012

Costain (COST.LN), one of the UK’s leading engineering solutions providers, is pleased to announce that in Joint Venture (‘the JV’) with Skanska, it has been awarded a contract by Crossrail Limited worth approximately £40m in total.

The JV will provide all works associated with the construction and fit out of the intermediate shafts and headhouses* at Eleanor Street and Mile End Park, along with the connecting adits to the main running tunnels. The shafts will provide access for ventilation, maintenance intervention, emergency exit and emergency services access for the operational railway.

This is the fifth contract which a Costain-Skanska JV has won from Crossrail and follows on from the successful delivery of Royal Oak Portal and Pudding Mill Lane portals. Work will commence immediately and is expected to complete in August 2018.

Andrew Wyllie, Chief Executive of Costain, said:

“This contract award is as a result of the successful implementation of our ‘Choosing Costain’ strategy, in which we focus on winning repeat business with major blue chip customers who are spending and will continue to spend on large scale projects. This is our fifth contract with Crossrail and further contributes to the strength of our order book, of which 90% is repeat business.”

 

*A headhouse is the building over the top of the shaft which provides secure access and egress, ensures the shaft is weatherproof and houses the necessary mechanical and electrical equipment.

Ends