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Costain Group (COST): M5 junction 22A delivery

This situation live

COST Costain Group

£662m · 249.0p · +44% since the first step
262.5p 157.2p Now 249.0p · 23 Oct +14% +13% +8% Jan ’26FebMarAprMayJunJulAugSepOct
14 May 2026 · Contract awarded; mobilisation due · +13% until the next step National Highways: contract to design and build a new junction on the M5
Transformational contract / build-out
M5 junction 22A delivery
Awarded; moving into construction
Next: construction phase on M5 project; mobilisation in H2 26
Every step · 3
  1. 27 Jan 2026 Contract awarded; five-year design and build – Costain's role as the project's delivery integration partner and main works contractor will see it manage the design and construction of the new junction ↗
  2. 14 May 2026 Contract awarded; mobilisation due – National Highways: contract to design and build a new junction on the M5 ↗
  3. 13 Aug 2026 Awarded; moving into construction – We expect Road revenue to return to growth in H2 26 and FY 27 as we progress from the design phase into the construction phase on the work won with local... ↗

What is happening

Costain Group: M5 junction 22A delivery – Awarded; moving into construction. ['Awarded; moving into construction']

In short
Costain was awarded the c.£100m, five-year design and build M5 junction contract via the Regional Delivery Partnership framework on 27 January 2026. The 13 August 2026 H1 results say Road revenue should return to growth in H2 26 and FY 27 as the M5 and M60 projects move from design to construction.
Announced
27 Jan 2026 · Contract awarded; five-year design and build
Latest
13 Aug 2026 · Awarded; moving into construction
Customer
National Highways
Contract value
approximately £100m over five years
Timing
mobilisations expected to build during second half of FY 26
Next milestone
Design-to-construction progression driving Road revenue growth in H2 26 and FY 27

What comes next

construction phase on M5 project; mobilisation in H2 26.

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