• Most Popular
  • Most Shared

UPDATE 1-Costain gets Highways Agency 250 mln stg JV deal

Mon Nov 9, 2009 2:58am EST

Stocks

   

* Gets Highways contract in joint venture with Lafarge

France  |  Basic Materials  |  Industrials

* Gets maintenance framework contract for Midlands (Adds details)

Nov 9 (Reuters) - British construction firm Costain Group Plc (COSG.L) said it got, in joint venture with France's cement giant Lafarge (LAFP.PA), a maintenance framework deal of up to 250 million pounds from the UK's Highways Agency.

The Midlands Works Framework Contract 4 by the Highways Agency has been established to undertake structural work, surfacing and roadworks over two years in the Midlands area.

The framework enables the Highways Agency to implement the Treasury's fiscal stimulus initiative.

Costain, which works across the transport, retail, education, oil and gas industries, has won contracts with the Sellafield nuclear power plant and London's Crossrail transport project earlier this year.

Its shares closed at 27.50 pence on Friday on the London Stock Exchange. (Reporting by Purwa Naveen Raman in Bangalore; Editing by Himani Sarkar)

France
Basic Materials
Industrials


More from Reuters

Photo

Democrats gain 60th vote on health bill

WASHINGTON (Reuters) - Senate Democrats reached a compromise on Saturday with the last holdout senator that secured the 60 votes they need to pass a broad healthcare overhaul sought by President Barack Obama.

» More Top News
A woman shops at a Sam's Club store, a division of Wal-Mart Stores, in Bentonville, Arkansas June 4, 2009. REUTERS/Jessica Rinaldi

The food-stamp economy

On the last day of every month, shoppers at Walmart load their carts with food and household items and wait for the midnight hour. Is this the new normal in America?  Full Article 

U.S.
Two men shake hands in a file photo. REUTERS/File

Let's make a deal

The battered M&A sector will make a tepid recovery in the coming year and three hot sectors will lead the way, according to a Thomson Reuters analysis.  Full Article 

Global Deals Review