Re Contract

RNS Number : 7381G

Carillion PLC

12 May 2014

 

12 May 2014

Carillion selected as preferred partner by Network Rail to deliver £100m of track renewal work

Network Rail has announced that over the current five-year funding period, which runs from April 2014 to March 2019, it will renew more than 7,000km of track, as part of a £25bn investment programme.

Carillion has been selected as one of three preferred partners to deliver plain line track renewals. The regions in which Carillion will deliver renewals include the Midlands into the North West, and from Kings Cross to the North East of England.  This work is expected to be worth approximately £100 million to Carillion over the five year period for which we expect to sign the contract in June 2014.  

Steve Featherstone, Network Rail track programme director, said: "Today, there are a million more trains on our network than a decade ago and that number increases every year. Working with our delivery partners, we will deliver a massive programme of work to maintain, renew and enhance thousands of miles of track over the next five years, with the goal of providing a more reliable railway for passengers and freight."

Carillion Chief Executive, Richard Howson, said: "We are delighted to have been selected for this major programme of track renewals.  As one of Network Rail's largest suppliers, we look forward to building on our strong relationship by working in partnership to deliver these important enhancements in order to keep pace with demand and to supporting Network Rail in achieving its objectives of creating a more reliable railway for passengers and freight."   

Notes to Editors

Carillion is a leading integrated support services company with a substantial portfolio of Public Private Partnership projects and extensive construction capabilities.  The Group had annual revenue in 2013 of some £4.1 billion, employs around 40,000 people and operates across the UK, in the Middle East and Canada. 

The Group has four business segments.

Support services - this includes facilities management, facilities services, energy services, utility services, road maintenance, rail services and consultancy services.

Public Private Partnership (PPP) projects - this includes investing activities in PPP projects for Government buildings and infrastructure, mainly in the Defence, Health, Education, Transport and Secure accommodation sectors.

Middle East construction services - this includes building and civil engineering activities in the Middle East.

Construction services (excluding the Middle East) - this includes building, civil engineering and developments activities in the UK and construction activities in Canada.

This and other Carillion news releases can be found at www.carillionplc.com

For more information

John Denning, Director Group Corporate Affairs, Carillion plc                       + 44 (0) 1902 316426

Finsbury

James Murgatroyd or Gordon Simpson                                                          [phone]

 

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