Engineering solutions provider Costain Group Plc. (COST.L) Monday said it has been appointed by the Welsh Government to provide design development of the M4 Corridor around Newport. Costain has a 50 percent stake in a three way joint venture with Vinci Construction Grands Projets and Taylor Woodrow that has a value of 750 million pounds.
The proposals would include 24 km of new motorway and a 2.5 km long cable-stayed viaduct crossing of the River Usk, as well as major remodelling of M4 junctions 23 and 29.
The project will form part of the strategic roads network, and deliver government aims for a more efficient, safer and sustainable transport network, supporting and encouraging long-term prosperity in the region.
Scheme development work will commence immediately, leading up to an expected Public Local Inquiry in winter 2016/7.
Upon successful completion of the statutory processes, the second stage of the ECI work, construction, could start in spring 2018.
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