6th Oct 2005 07:00
Balfour Beatty PLC06 October 2005 6 October 2005 BALFOUR BEATTY AWARDED £110 MILLION CONTRACT BY NETWORK RAIL FOR WEST COAST MAIN LINE ELECTRIFICATION UPGRADE ================================================ Balfour Beatty, the international engineering, construction and services group,announces today that it has been awarded the £110 million contract, in jointventure with Carillion, to deliver 13 feeder stations and 620 miles of highvoltage feeder for the West Coast Main Line rail electrification project forNetwork Rail. The work involves modernising the overhead line equipment and enhancing theproven distribution infrastructure. It follows successful completion of thefirst phase of the West Coast Main Line Overhead Line Electrification andDistribution Upgrade in which Balfour Beatty has been a lead participant injoint venture with Network Rail and Carillion. Commenting today, Balfour Beatty Chief Executive, Ian Tyler, said: "This new award, which will substantially complete the overhead electrificationcomponent of the West Coast Main Line modernisation programme, further underpinsBalfour Beatty's position as the UK's pre-eminent fixed rail infrastructurecontractor." Balfour Beatty Rail, in conjunction with other Balfour Beatty operatingcompanies, is currently working on the rail links for the new Heathrow Terminal5, in contracts worth over £170 million. The work involves the electrical andmechanical systems for the Heathrow Express and Piccadilly Line extensions, therail systems and station works and M and E works for the track transit systemand construction management and fit out of the new Terminal 5 Station. Balfour Beatty Rail is one of Network Rail's leading suppliers of track renewalsservices following the award of new five-year renewals contracts in April 2004.Balfour Beatty Rail is also responsible, through Metronet, for the trackrenewals programme for London Underground on the Bakerloo, Central, Victoria andSub-Surface Lines in a programme likely to be worth approximately £500 millionin the first 71/2 year concession contract period. ENDS Enquiries to:Tim SharpTel: 020 7216 6884www.balfourbeatty.com Notes to Editors---------------- 1. Balfour Beatty, together with Carillion, has been responsible for a major portion of the works on the West Coast Main Line modernisation programme. 2. Balfour Beatty is one of the world's leading rail electrification specialists. In addition to its UK work, it has substantial positions and major contracts in Germany, Italy, Spain, Portugal, Sweden, Austria, Malaysia and China. 3. Balfour Beatty is a world-class engineering, construction and services group, well positioned in infrastructure markets which offer significant growth potential. Its partnerships with public and private customers generate secure, sustainable income. Its financial position, with significant net cash and with strong operating cash flows, offers continuing flexibility to add additional capacity and expertise to the business mix and to make appropriate investments in PPP and other long-term growth opportunities. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Balfour BeattyCarillion Plc