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Shares of closed society 14 - or 6 67pc - 196 p after that he revealed that he is due 22 m ￡ by Innova AE & E Switzerland, which the German parent collapsed last week.

Costain, which is a subcontractor for the "construction and delivery of a significant part of the installation of the power-of-waste", said that he could certain Inova AE & E will make future payments under the terms of his contract.

Viewpoint - a project of 120 million to ￡ near Dartford - passage is one of the largest projects of alternative energy in the United Kingdom and will be used by London boroughs to reduce their spending on landfills .Sortie plant is planned in order to up to 50 000 households in the whole of London.

Costain said in a statement: "in light of the insolvency of the AE & E Costain group is engaged in active discussions with the AE & E Innova and Cory environment concerning funding and the realization of the project."

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Stated that he could reduce his deficit to pension fund by transferring the stakes in six Private Finance Initiative directly in to the Fund, which had already been a loss of profits estimated 56 million from ￡.

Costain, who is working on an upgrade from Bond Street underground station said the agreement would also add an extra ￡ 7.5 m in profits before taxes throughout the year.

Stated a string of recent contract wins, including a 10 years lots of 75 million pounds to nuclear power stations, cleaning had it secure contributed to 700 million pounds of recipes for 2011 and strengthened its order book to take forward from ￡ 2.Costain holds the situation preferred bidder on another 400 m ￡ contrats.Costain welcomed the commitment of the Government to invest ￡ 200bn in as Crossrail large scale infrastructure projects.

Shares closed until 24?, 226 p.

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