Costain

Crossrail was 14 weeks behind schedule at the start of April, based on a delivery plan set out a year earlier. A report prepared by consultant Jacobs for Transport for London and the Department for Transport said poor productivity had been the main factor in pushing the job off course.…

The Costain/Skanska joint venture working on Crossrail's Bond Street station project has agreed to leave the contract early. The contract was formally ended at midnight last night although the JV will continue to work with Crossrail to hand over works and mitigate extra costs. Statements from the CSJV and Crossrail…

Costain has won new contracts after a £100m boost to its balance sheet, secured in May, the firm has claimed. The contractor sold £100m worth of new shares to investors, including £25m to Middle East contractor ASGC last month. In a trading update today, the company said it has won…

Kier secured top place in May’s contract awards league table thanks to a large healthcare project. A deal to build a new four-storey facility for a Birmingham hospital contributed £97.1m to its £260.1m haul of contracts for April, according to construction intelligence provider Glenigan. The quarter-of-a-billion pounds worth of work…

Costain, Farrans, Jacobs and Mott MacDonald Bentley have been named as winners on Anglian Water’s £350m Strategic Pipeline Alliance. The firms will work to help protect the East of England from drought by creating up to 500km of interconnecting pipes and associated pumping equipment, and upgrading existing infrastructure to allow…

Costain CEO Alex Vaughan believes the contractor’s successful sales of £100m in new shares shows the market has a positive outlook. “We've had huge support for our equity raise,” he told Construction News. “That's because people believe the marketplace has a positive outlook. And there are strong opportunities. “[Investors] believe that…

Costain has announced it has completed its £100m capital raise. The contractor confirmed in a market announcement this morning 99.39 per cent of shareholders had voted in favour of the deal first announced in March. As previously disclosed, the £100m includes expenses of around £7m to bankers and advisers, so…

Costain has announced a construction firm based in the United Arab Emirates will invest £25m in the company, as it announced details of its £100m equity raising. ASGC, which works in the United Arab Emirates, Egypt and other parts of Africa, will contribute a quarter of what Costain is trying…

The newly formed Highways Sector Council (HSC) has said it is pushing for more work to take place during lockdown, including carrying out essential works and maintenance on UK highways. The trade body's first chair Leon Daniels, a former MD of Transport for London’s surface transport division, told Construction News:…

Highways England has named the firms that will deliver its 10-year £4.5bn smart-motorways programme. The long-term framework will see the infrastructure-delivery body work with six just partners. Smart motorways, which use active traffic-management systems, were subject to government review last year following safety concerns. Chosen contractors include Balfour Beatty Civil…