March 14, 2019 / 7:56 AM / 5 months ago

Balfour Beatty preferred bidder for Network Rail's 1.5 bln pound contract

March 14 (Reuters) - British construction group Balfour Beatty said an alliance led by the company was selected as the preferred bidder for railway infrastructure operator Network Rail’s 1.5 billion pound ($1.99 billion) contract to build track renewals and crossings.

The FTSE 250-listed company said it had an 80 percent share in the ten-year alliance, which will be responsible for the development, design and delivery of the project. Atkins and TSO are the other two partners, with each owning a 10 percent share.

The work relating to the contract will start later this year, Balfour Beatty said.

The company this week reported a strong order book as it received more contracts following the high-profile collapse of peer Carillion last year.

$1 = 0.7531 pounds Reporting by Muvija M in Bengaluru

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below