AMEC seals £200m rail renewal contract

AMEC's rail division AMEC SPIE Rail has today (Friday) sealed a £200m track renewal contract from Network Rail in a joint venture with Cogifer TF of France.

Lasting seven years, the contract will include 'high output' track renewal work across the UK's rail network.

The team will also will also use a ballast cleaning machine and track renewal train which will be procured under separate contracts by Network Rail over the next 18 months from manufacturers in Austria and Switzerland.

Initial work will cover the Great Western Zone and Eastern Region utilising specialist engineering trains manufactured to meet UK specifications.

AMEC will have a 50% share of the final contract value following the anticipated completion of its acquisition of SPIE in March 2003.

The group is also currently bidding for further Network Rail track renewal contracts across the UK network that cover switches, crossings and plain line renewals.

Sir Peter Mason, AMEC's chief executive, said: "Having combined AMEC and SPIE's rail businesses over the past year we now offer industry leading expertise and are targeting and winning some of Europe's most challenging and important transportation infrastructure work."