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Costain JV Awarded Contract With Magnox Ltd

30 June 2011

Costain, one of the UK's leading construction and engineering solutions providers, is pleased to announce that, as part of a joint venture with AMEC and Jacobs Engineering Group Inc, the Company has been awarded a framework contract by Magnox Limited (“Magnox”).

Under the terms of the contract, the joint venture will retrieve and process both wet and solid intermediate level radioactive waste across all the Magnox sites in the UK. The scope of services provided by the joint venture partners will include the design, construction, commissioning and operation of facilities that retrieve and package the radioactive waste, together with the de-contamination of associated facilities.

Andrew Wyllie, Chief Executive of Costain, said:

“We are delighted to have been awarded this contract and we believe it demonstrates our strength and expertise in this highly specialised and complex area. The UK’s nuclear decommissioning programme is of major strategic importance and this is a long-term contract with clear and visible revenue streams. We are looking forward to deploying our expertise across the Magnox sites as we meet the challenges of accelerated decommissioning.”