Balfour Beatty has announced further contract wins from Network Rail, taking its recent haul to £248m.
The construction giant has confirmed its position on the four-year track renewal framework contract, which is worth approximately £56 million in the first year of the contract, with a further £115m to be awarded provided agreed targets are met during the first year of the contract.
The contract involves the delivery of plain line rail and switches and crossings at junctions with associated signalling, electrification and drainage work for the whole of Network Rail's South East territory covering the Wessex, Sussex, Kent and Anglia regions;
Additionally, Balfour Beatty has been awarded a four-year contract worth in excess of £50m for the grinding of plain line rail across the UK, including the operation and maintenance of six of Network Rail's fleet of rail grinders.
Finally, the firm has won the £27m Paisley corridor improvement project in Glasgow, which involves the construction of a new third running line and associated overhead electrification additions and modifications, as well as the remodelling of a number of approach lines. The Paisley corridor runs from Gower Street Junction to Arkleston Junction. This contract is due for completion in 2012.