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The Carillion Powerlines joint venture is to begin work shortly to complete 25 kV 50 Hz electrification of the route from Bedford to Corby. The contract awarded by Network Rail as part of its Midland Main Line improvement programme is expected to generate revenue of £260m for the equally-owned joint venture over the next three years.
Under a second contract, Carillion is to upgrade existing track and infrastructure on the route from London to Corby. Carillion expects this work to generate revenue of £62m over the next two and a half years.
‘We are pleased to have agreed these awards with Network Rail, demonstrating that we continue to have the support of key customers and win important new contracts’, said Carillion Interim Chief Executive Keith Cochrane on November 6. ‘The group faces significant challenges, but we remain focused on executing our disposals programme, taking cost out and strengthening our balance sheet.’
This article first appeared on www.railwaygazette.com
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