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New Costain JV targets major rail projects

Costain has formed a joint venture with Babcock and Alstom - which partly owns Bouygues - in a bid to win major contracts on upcoming electrification projects including the Great Western Main Line and the Edinburgh to Glasgow route.

The move comes in response to Network Rail new procurement guidelines which place a greater emphasis on collaborative working to allow earlier contractor involvement.

Network Rail plans to spend billions of pounds on electrification projects over the next decade with work due on the Great Western Main line due to be completed by 2017 and schemes between Liverpool and Manchester due by 2014.

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