Costain Wins New HS2 Systems Contract
Costain awarded HS2 mechanical and electrical systems contract valued at minimum £400m over seven years.
- Contract value (minimum) £400m
- Contract duration 7 years
- Start date Q1 2025
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Costain Group PLC ("Costain") today announces that it is to be awarded a new contract by HS2 Ltd. as a sole supplier to deliver tunnel and lineside mechanical and electrical (M&E) systems for HS2, with a total contract value worth a minimum of £400m to Costain. This contract, to be signed in due course, starts in Q1 2025 for a seven-year period, with the option for additional contract extensions.
The contract will see Costain deliver the design, supply, manufacture, installation, testing and commissioning of HS2's Tunnel and Lineside M&E systems during construction.
Alex Vaughan, CEO of Costain, said:
"Costain has a long-standing involvement with the UK's largest strategic infrastructure programme and this new contract is a testament to the strength of our collaborative and successful relationship with HS2. Our teams will draw on their experience and expertise to deliver world-class systems, using the latest technology to drive efficiency."
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.