Balfour Beatty seals £248m of Network Rail contracts

Contractor Balfour Beatty has scooped contracts worth up to £248m from Network Rail the firm announced today.

It said it had won a four-year extension to its existing track renewal framework, worth £56m in the first year and up to £171m overall. The contract will see it build rail, switches and junction crossings alongside associated signalling, electrification and drainage for the whole of Network Rail’s South East territory.

In addition Balfour Beatty said it had received a contract worth £50m for ’grinding’ plain line rail, and a £27m contract to add a third rail track to the Paisley line in Glasgow. This contract will finish in 2012.

Balfour Beatty chief Executive, Ian Tyler, said he was “delighted” to have picked up the contracts. “These further contract awards demonstrate the strength of our partnership and we look forward to delivering a first-class service to Network Rail,” he said.