Costain Group PLC (COST.L) announced on Tuesday that it has been selected by Transport for London or TfL as one of the three contractors of its Infrastructure Improvement Framework to upgrade London's transport network. The framework is worth approximately 700 million pounds in total. Projects under the framework will be given over a two-year term, along with an option for two-year extension.
Under the multifaceted framework, Costain will provide a variety of services, in design, construction and supply chain management. The framework will deliver major complex transportation infrastructure in London, such as the upgrade of South Kensington tube Station, and enabling TfL's step-free access programme.
On the London Stock Exchange, the shares were trading 0.62 percent lower at 192.60 pence.
For comments and feedback contact: editorial@rttnews.com
Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.