BALFOUR BEATTY has been named preferred bidder for three rail maintenance contracts worth a combined £600M.
Railtrack made the announcement last week, subject to final negotiations, following a competitive tendering process.
The three new IMC2000 contracts replace the existing RT1A contracts, which Balfour Beatty is already responsible for.
The largest contract, for the East Coast Main Line, is worth more than £250M over the next five years. The contract covers track from Kings Cross to the Scottish border and starts in January next year. It includes maintenance of 890km of track, 1,500 switches and crossings and 4,000 track circuits.
The other two contracts, the £200M deal to look after all the lines in Kent and the £150M contract for all lines on Great Eastern and Anglia, are due to start next April and also run for five years, with the option of a five year extension.