Your browser is no longer supported

For the best possible experience using our website we recommend you upgrade to a newer version or another browser.

Your browser appears to have cookies disabled. For the best experience of this website, please enable cookies in your browser

We'll assume we have your consent to use cookies, for example so you won't need to log in each time you visit our site.
Learn more

Balfour boss moots exit from rail sector

Balfour Beatty chief executive Leo Quinn has described Network Rail as a “difficult” client and revealed the contractor could stop working with the body.

Quinn was speaking to investors as Balfour Beatty posted a £146M loss in its UK construction business for the six months to 26 June 2015.

He set out a range of measures the contractor was taking to turn its fortunes around, saying the losses were from contracts signed before he arrived in January.

Quinn said Network rail was “very, very difficult to work with” and that it was “very, very difficult to make a return” on its projects.

“We are looking at withdrawing from contracts that we have historically made losses on,” he added. “There is no point being a busy fool.”

Quinn said later: “Over the last five years, our engagement with Network Rail has lost us money. We have to find a way to make a return or we won’t operate in those markets.”

Have your say

You must sign in to make a comment

Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions. Please note comments made online may also be published in the print edition of New Civil Engineer. Links may be included in your comments but HTML is not permitted.