Contractor Costain has entered into a joint venture partnership with Severn Trent to provide complete business water and wastewater management services to high volume commercial and industrial water users.
The new entity, Severn Trent Costain, will be a single supplier for water and waste water requirements, from source to disposal.
In a statement the firms said that the UK water supply market was undergoing “significant change” with government legislation increasing business retail competition.
Severn Trent Services and Costain have an existing joint venture that operates and maintains over 5,000 assets and 1,300 sites for the Ministry of Defence, one of the largest PFI contracts in Europe.
Costain will have a 40% shareholding.