Joint Venture Awarded Network Rail Contract

RNS Number : 4966V

Balfour Beatty PLC

13 January 2012

 



13 January 2012

BALFOUR BEATTY JOINT VENTURE AWARDED NETWORK RAIL SIGNALLING FRAMEWORKS

Balfour Beatty, the international infrastructure group, announces that Signalling Solutions Limited (SSL), its 50/50 joint venture with Alstom, has been successful in the tendering process for the new signalling frameworks on behalf of Network Rail.

SSL has secured involvement in seven of the eight geographical regions covered by Network Rail's seven year "New Signalling Frameworks", worth a total £1.5bn. In three of these regions, Central East, Great Western Inner and Great Western Outer, SSL is primary supplier and in 4 geographical regions, Scotland, Central West, Wales and Western and Kent & Anglia, SSL is secondary supplier.

The company will introduce innovative train control systems and new collaborative methods of working to ensure that the cost reduction measures required to achieve the industry targets agreed by Network Rail with the Office of Rail Regulation are met.

Commenting on the announcement, Balfour Beatty Chief Executive, Ian Tyler, said:

"Network Rail is one of our key customers and we are delighted to have the opportunity to extend our relationship with them. The rail sector is of great importance to the UK and to us as a Group and we look forward to using our strategic approach to innovation and collaboration in these important projects."

ENDS

Analyst/investor enquiries:

Basak Kotler

Balfour Beatty plc

Tel [phone]

Media enquiries:

Matt Graydon

Balfour Beatty plc

Tel [phone]

Notes to Editors:

1.

Balfour Beatty (www.balfourbeatty.com) is a world-class infrastructure group with capabilities in professional services, construction services, support services and infrastructure investments. We work in partnership with our customers principally in the UK, continental Europe, the US, South-East Asia, Australia and the Middle East, who value the highest levels of quality, safety and technical expertise. Key infrastructure markets include transportation (roads, rail and airports); social infrastructure (education, specialist healthcare, and various types of accommodation); utilities (water, gas and power transmission and generation) and commercial (offices, leisure and retail). The Group delivers services essential to the development, creation and care of these infrastructure assets including project design, financing and management, engineering and construction, and facilities management services. Balfour Beatty employs 50,000 people around the world.

 

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