Tighter risk controls have helped Costain return to profit after posting a £96.1m loss in 2020.

The developer of a 28,000sq km coastal resort in Saudi Arabia, has been awarded the BSI’s BIM Project Kitemark.

Costain will lead a government-funded feasibility study of an ‘electric roads’ system that will charge battery-powered trucks as they drive.

A Costain-led team has secured government funding to develop roads using digital twins, intelligent materials, data science and robotic monitoring.

Costain has reached a settlement with the Welsh government over its troubled A465 Heads of the Valleys contract, the firm has announced.

Costain has successfully raised £100m from investors, after announcing plans to strengthen its balance sheet. Earlier this month, the contractor announced that Dubai-based contractor ASGC was buying a 15% stake…