Balfour Beatty win five year rail contract worth £500m

Balfour Beatty's rail infrastructure services firm has been awarded a number of five-year plain line track and switches and crossings renewals contracts by Network Rail.

The contracts, which will begin later this month, are for plain line and switches and crossings renewals across the Southern Region and in East and West Anglia, including London North East.

The contracts have an estimated first year value of £113m. There is an option for the contracts to be extended for a further five years.

Balfour Beatty chief executive Mike Welton said: "This is a very substantial proportion of the new renewals programme which is aimed at improving the condition of Network Rail's assets.

"We look forward to working with Network Rail in improving the efficiency of renewals delivery and helping to deliver a safe and efficient railway."

The plain line contracts are for the replacement and renewal of life-expired sections of track, typically from 100m to 3,000m in length. Switches and crossing contracts are for replacement and renewal work at junctions.