Costain Group PLC has announced several news updates. Firstly, the company will be working on 16 sites for Severn Trent as part of an £80 million package. This project involves the delivery of water and wastewater infrastructure improvements across the Midlands. The aim is to enhance the resilience and efficiency of the water network in the region.
In another milestone achievement, Costain successfully completed a traffic switch on the A1 road project. This switch involved diverting traffic onto newly constructed sections of the road, marking progress in the overall project to upgrade the A1 between Leeming and Barton.
Costain has also been selected to provide a blueprint for safety upgrades at UK airports. The company will be working with the UK Civil Aviation Authority to develop a framework for enhancing safety measures at airports across the country. This initiative aims to ensure that airports meet the highest safety standards and comply with regulatory requirements.
Furthermore, Costain has released its results for the half-year ended 30 June 2023. The company reported a revenue of £800 million, representing a 10% increase compared to the same period last year. The results also highlighted a strong order book of £4.2 billion, demonstrating a robust pipeline of projects for the future.
Lastly, Costain has made significant progress in reducing its own emissions on its journey to achieving net-zero carbon. The company has achieved a 38% reduction in its emissions, demonstrating its commitment to sustainability and environmental responsibility.
Overall, these news updates showcase Costain's involvement in various infrastructure projects, its financial performance, and its commitment to sustainability and safety.