Carillion chosen as preferred bidder for Network Rail track renewal

12th May 2014 07:04

FTSE 250-listed Carillion has been selected by Network Rail as the preferred partner to carry out 100m pounds-worth of track renewal work over five years as part of a 25bn pound investment programme. The integrated support services company is one of three preferred partners to deliver plain line track renewals and will carry out the work in the Midlands into the North West, and from Kings Cross to the North East of England. Carillion Chief Executive, Richard Howson, said: "We are delighted to have been selected for this major programme of track renewals. "As one of Network Rail's largest suppliers, we look forward to building on our strong relationship by working in partnership to deliver these important enhancements in order to keep pace with demand and to supporting Network Rail in achieving its objectives of creating a more reliable railway for passengers and freight." The group expects to sign the contract in June 2014. NR