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Thu August 01 2024

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Costain buys out Serco’s JV stake

7 Jan 14 Costain has taken 100% ownership of its Managed Motorway Technology joint venture by buying out partner Serco’s share.

Costain has paid Serco £2.4m for its 27% stake.

The joint venture arrangement, in which Costain already held the remaining 73% interest, has a place on the Highways Agency framework to deliver new technology-led highways improvements.

Costain Serco recently set up shop at Derbyshire County Council's Markham Vale site, next to junction 29A of the M1.

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