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Construction & Infrastructure Aerospace & Defence Costain

Costain wins place on Pagabo infrastructure framework

by tickstock newsroom · Editor JMA

Costain Group (LSE:COST), the UK infrastructure solutions specialist, has been selected for Pagabo's Civil Engineering and Infrastructure Framework.

The framework forms part of Pagabo's largest infrastructure procurement offering to date, the National Framework for Civil Engineering, Infrastructure and Enabling Works 2026, carrying an estimated total value of £4.29bn and running for four years to 2030.

Costain is one of three suppliers appointed to Lot 1, Collaborative Partners for England and Wales, where it will provide end-to-end engineering and infrastructure services from early project development through to delivery.

The appointment gives public sector organisations access to Costain's consultancy, engineering and delivery expertise across rail, road, aviation, water, energy, defence and civil nuclear work.

It extends a forward order book that already stood at a record £7bn at Costain's last half-year results, covering 91% of consensus forecast revenue for this year and next.

"This is another landmark moment for Costain as we begin our relationship with Pagabo and significantly increase the ways public sector organisations can access our expertise," said chief executive Alex Vaughan.

by tickstock newsroom