Rail deal for Balfour Beatty

Network Rail has selected Balfour Beatty Rail as one of its four renewals contractors under the new arrangements that have been announced this morning.

Surrey-based Balfour Beatty Rail will continue to be responsible for plain line and switches and crossings renewals across the south east, under existing contractual arrangements which run to April 2009. Balfour Beatty has been responsible for these activities since April 2004 under a contract worth approximately £90m per annum.

Balfour Beatty chief executive Ian Tyler said: ‘We are delighted to have our position as one of Network Rail’s long-term renewals contractors confirmed. We look forward to working with Network Rail in delivering value for money and a top quality product in creating a world-class UK rail network.’

Network Rail Group infrastructure director, Peter Henderson, said: ‘Longer-term security for the successful contractors, coupled with improvements in our ability to define and plan the work, will enable us to create an environment whereby we can all plan with confidence, promote innovation and invest in equipment and people.’