Engineering group Costain has scored a 110m pound contract from Crossrail to construct the main works at London's Bond Street station.

In a joint venture with Skanska, the two will work on the platform fit-out and mechanical and electrical services for the Western Ticket Hall in Davies Street and the Eastern Ticket Hall in Hanover Square.

Work will commence this month and is expected to be completed in February 2017 ahead of Crossrail's opening in 2018.

It follows on from the contract already awarded to the joint venture and the announcement in March 2011 for the initial construction of the structure of the station.

"This contract awarded to Costain by Crossrail is, we believe, further demonstration of the successful implementation of our 'Choosing Costain' strategy, in which we focus on building long term relationships with and winning repeat works from blue chip customers who are spending billions on meeting vital infrastructure needs," Chief Executive of Costain, Andrew Wyllie said.

"This contract further contributes to the strength of our order book, which comprises approximately 90% repeat business."

Shares rose 3.90% to 273.25p at 9:30 Monday.

RD

Related share prices
Costain Group (COST) share price