Costain In Potential GBP15M Pact For Severn Trent Water

20th Jul 2010 15:51

LONDON (Dow Jones)--Costain Group PLC (COST.LN), a engineering, construction, maintenance and land development company, along with its partner MWH, has achieved preferred bidder status on a potential GBP15 million contract for Severn Trent Water (SVT.LN) to construct a new treated water pumping station at Frankley, one of its major water treatment works in Birmingham. MAIN FACTS: -Frankley water treatment works supplies water to around 1.4 million people in Birmingham and the surrounding area, making it a major piece of national infrastructure and a vital asset for Severn Trent Water. -Early works are planned from December 2010 with major construction activities expected to be underway in the summer of 2011. -The scheme is expected to take around two years to complete. -Shares at 1449 GMT down 3.5 pence, or 1.76%, at 195 pence. -By Zechariah Hemans, Dow Jones Newswires; 44-20-7842-9411; [email protected] (END) Dow Jones Newswires July 20, 2010 10:51 ET (14:51 GMT)