Balfour Beatty, the UK-based market leading infrastructure specialist, has won a five-year rail renewal contract on the London Underground system.
The contract is to carry out track renewal work, which will include the replacement of ballasted track, points and crossings, including all ancillary signalling and drainage works on the Tube network.
The total value of the work to be carried out by the partnership is £220 million, of which around half will be Balfour Beatty's share.
The work is expected to start in spring 2011, with an option to extend the contract for a further two years after the initial five-year period
Commenting on the news, Ian Tyler, chief executive of Balfour Beatty, said: "We are delighted to be continuing our relationship with London Underground. We are very pleased to be part of such a crucial project, working in partnership with London Underground to deliver a world-class transport system for London."
Balfour Beatty Rail provides rail infrastructure services in over 20 countries, delivering systems and services from planning through design and implementation to maintenance and asset management.
As a group, London-based Balfour Beatty employs 50,000 people worldwide, working principally in the UK, continental Europe, the US, South-East Asia, Australia and the Middle East. The company works in key infrastructure markets including transportation (roads, rail and airports); social infrastructure (education, specialist healthcare, and various types of accommodation); utilities (water, gas and power transmission and generation) and commercial (offices, leisure and retail).
