Costain AMP4 Contract Wins from United Utilities
Costain has been selected by United Utilities as one of its preferred bidder partners for some 40% of its £2.9 billion asset management programme ("AMP4") over the next five years.
United Utilities is awarding contracts for designing the upgrades and improvements to its water and wastewater treatment works as well as major sewer overflow schemes. Costain, in joint venture with Galliford Try and Atkins, will be responsible for the detailed design work and the construction and commissioning phase of these projects.
A final decision on the contract award, which over the next five years is estimated to be worth some £900m to the joint venture consortia, is expected by the end of March.
Commenting on the announcement from United Utilities, Stuart Doughty, Chief Executive of Costain, said:
"This is excellent news for Costain. The announcement is evidence of the very close
relationship we have established with United Utilities. We look forward to working in
partnership with them and the other joint venture companies over the coming years. The news
is also further evidence of Costain's excellent reputation in the water sector as a whole and
follows other major AMP4 contract awards from Thames Water, Welsh Water and Yorkshire
Water."
United Utilities' Steven Beaumont said:
"The delivery of our current investment programme has shown that framework contracts are
the right way forward for United Utilities. We're now building on that experience and
developing it in line with industry best practice to ensure our next investment programme will
be a success. Our new long-term arrangements will drive out the benefits of a true partnership
approach through the creation of integrated seamless teams between ourselves and our
partners."
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Posted 04/03/05
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