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Carillion wins two Midland Mainline contracts

carillion rail

Carillion has won two contracts with Network Rail on the Midland Mainline.

It will upgrade the existing track and infrastructure on the London to Corby route, which will bring in £62M over the next 2.5 years.

Carillion Powerlines, a 50:50 Joint Venture with Powerlines Group, will undertake a contract worth around £260M over three years to complete the line’s electrification from London to Corby.

Interim chief executive Keith Cochrane said: “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. The Group faces significant challenges, but we remain focused on executing our disposals programme, taking cost out and strengthening our balance sheet.”

The wins will be a boost for the construction and support services company, which reported a £1.15bn loss in the first half of this year and a further writedown of £200M covering support services contracts. It has made a number of staff changes after the group finance director, chief operating officer, managing director of construction services and managing director of services left last month.

Andrew Davies will join Carillion as its new chief executive on 2 April next year, leaving his current role as chief executive of Wates Group. 

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