Become a Member
  • Track your favourite stocks
  • Create & monitor portfolios
  • Daily portfolio value
Sign Up
Quickpicks
Add shares to your
quickpicks to
display them here!

Preferred Bidder - Network Rail contract

12th May 2014 07:00

RNS Number : 7762G
Babcock International Group PLC
12 May 2014
 



 

 

12 May 2014

 

Babcock International Group PLC (Babcock)

 

Babcock, announced as one of the preferred bidders for Network Rail's conventional plain line track works

 

Babcock, the UK's leading engineering support services organisation, is pleased to announce that its Rail business has been successful in winning work across three of the seven geographic lots to deliver conventional plain line track works for Network Rail. The three lots comprise Western, Wales and Wessex; Scotland and LNW South and are worth around £200 million over a five year period from April 2014 to March 2019.

This is part of Network Rail's £375 million conventional plain line track renewals programme.

Peter Rogers, Chief Executive of Babcock commented:

"Building on our long term relationship with Network Rail, we are delighted to have been selected as preferred bidder and delivery partner for this major programme of track renewals work which will help to provide a more reliable railway for passengers and freight."

 

Enquiries

Babcock International Group PLC

020 7355 5300

Terri Wright - Head of Investor Relations

 

FTI

020 3727 1340

Andrew Lorenz

Nick Hasell

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
CNTEAKSNEEKLEFF

Related Shares:

Babcock
FTSE 100 Latest
Value8,275.66
Change0.00