Business
Update Regarding A66 Project
Update Regarding A66 Project.
About this update from Costain Group Plc
[{"type":"text","content":"\n\n \nCostain Group PLC\n8 June 2023\n \n Update Regarding A66 Project\n \n\nCostain Group PLC (\"Costain\" or \"Group\") has noted media reports regarding its involvement on the A66 project and the potential impact on Costain's order book.\nDue to a change in contracting strategy for the A66 only, we have agreed with National Highways that our involvement in the A66 scheme will come to an organised and managed end. Costain is one of four parties involved in the A66 and this project was included in our preferred bidder book and therefore this decision has no impact on the Group's order book.\nCostain takes a prudent view of its order book, and the overall value of its order book is broadly unchanged from £2.8bn as announced at our full year 2022 results on 14 March 2023.\nCostain continues to bid on a number of significant projects across the Group.\nCostain confirms that it will continue to work on the A12 Chelmsford to A120 widening project, supporting the delivery of the project's development consent order application and delivering a package of enabling works for the scheme. We will continue to bring our innovation and expertise to other critically important National Highways projects.\nThe Board remains confident of delivering full year results in line with its expectations.\nEnquiries\n \n\nInvestors and analysts [email protected]\nPaul Sharma, Costain +44 7867 501188\n \nFinancial media - Headland  ...