Business
Costain joint ventures win two Crossrail contracts
Costain joint ventures win two Crossrail contracts.
About this update from Costain Group Plc
[{"type":"text","content":"\n \nRNS Number : 2886C Costain Group PLC 15 April 2013 \n \n\nCostain Group PLC\n(\"Costain\" or \"the Group\" or \"the Company\")\n \nCostain joint ventures win two Crossrail contracts\n \nCostain, one of the UK's leading tier one engineering solutions providers, is pleased to announce that ATC ('ATC'), its Joint Venture with Alstom and TSO, has been awarded a contract worth approximately £300m to design, fit-out and commission the railway systems in Crossrail's tunnel network.\nUnder the contract, ATC will design and install track, overhead lines and mechanical and electrical equipment to fit out the 21km of twin tunnels currently being bored under the streets of London.\nDesign work will commence immediately, with the fit-out works starting in 2014, and will be carried out within the entire tunnelled and surface sections of the Crossrail route between Royal Oak, Pudding Mill Lane and Plumstead Portals.\nCostain is also pleased to announce that in Joint Venture with Alstom it has been awarded the £15m contract for the design, construction and commissioning of the system that will provide traction power for the trains in the central tunnelled section of the Crossrail scheme. \nWork will involve the construction of several auto-transformer stations and a feeder station site at Pudding Mill Lane to provide a 25 kV supply to the overhead line equipment that will power the new Crossrail trains. Costain is also constructing for National Grid the new cable tunnels to provide power to the other Crossrail feeder station at Kensal Green.\nCrossrail will open in 2018. The Crossrail route will pass through 37 stations and will increase London's rail-based transport network capacity by 10 per cent. An estimated 200 million people will travel on Crossrail each year.\n Andrew Wyllie, Chief Executive of Costain, commented,\n\"The Crossrail scheme is providing a much-needed solution to upgrading a key part of the nation's travel infrastructure. We are delighted to have been awarded these contracts, which follow on from other Crossrail projects we are involved in, including the construction of the Bond Street and Paddington stations and works at Eleanor Street and Mile End Park. We believe these further wins demonstrate the successful implementation of our 'Choosing Costain' strategy in which we focus group-wid...