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24/03/2016

Balfour Beatty Secures Two-Year £170m Contract Extension

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Balfour Beatty has secured a £170 million two-year contract extension to its Track Partnership deal with London Underground.

The alliance is responsible for carrying out essential track renewal work across the rapid transit system.

Balfour Beatty Rail was appointed to the original contract in 2010, which included a two-year extension option.

As a result, the company will continue to provide design, labour, plant, and materials, as well as surveying, supervision and management of the works.
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The scope of work includes points & crossings and ballasted track renewal installation together with associated drainage, signalling, traction power and conductor rail works.

Leo Quinn, Balfour Beatty Group Chief Executive, said: "With world-class expertise in track, electrification and power supply systems, Balfour Beatty Rail is a significant player in the UK rail infrastructure market.

"We have utilised these market-leading skills and expertise working with London Underground over the last 13 years. This extension is a clear sign of London Underground's confidence in the capability of Balfour Beatty within the Track Partnership."

The extension takes the contract to March 2018 and will see a focus on improving efficiencies, including measures for Project Managers to be given more accountability for driving down costs whilst continuing to safely deliver a high standard of work.

(LM/JP)

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