Costain has entered into a formal joint venture with Severn Trent Plc to deliver water and wastewater management services to commercial and industrial clients.
The new venture, Severn Trent Costain, will build on an existing joint venture between the two, C2C Service, which signed one of the biggest PFI contracts in Europe with the MoD under its 25-year Project Aquatrine contract.
Severn Trent Costain says it will help customers improve efficiencies, leverage cost savings, manage legal compliance and risk management issues and resolve water efficiency challenges.
The new JV is targeting clients in food and beverage, power generation, automotive, chemical and textiles companies’ multi-site businesses such as national retail chains, public services and hotel groups under a single supplier approach.
Severn Trent Costain managing director Wayne Earp said: “Large companies are facing a confusing “perfect storm” of environmental pressures, constantly-changing legislative requirements, and financial and administrative obligations at a point in the economy when it is vital they can concentrate on sustaining their core businesses.
“Severn Trent Costain provides the opportunity to unify, simplify and optimise a very significant and critical segment of this burden.”
The business will operate across the UK after Severn Trent Services was granted a water services licence by the Water Industry Commission for Scotland earlier this year.