Tarmac spent £7M on restructuring its construction business last year, in line with estimates, the contractor said in a trading update published on Tuesday. Fellow contractor Amec also said it was expecting its 1998 results to be in line with market expectations.
West of Scotland Water has awarded a Henry Boot and Paterson Candy joint venture a £9.1M contract to build a water treatment works at Dumbarton.
Mouchel has won a £1.2M two year contract to operate, maintain and improve trunk roads in north east Scotland.
A consortium of Tilbury Douglas, Charterhouse Project Equity, Kier Project Investments and SSL has won a £450M concession to build a general hospital for the Neath/Port Talbot area of south Wales for Glan-y-Mor NHS Trust.
Passenger numbers through the Channel Tunnel rose by 33% last year, up 5M on 1997 to 20M. Freight traffic almost doubled from six million tonnes to 11M. The improved figures helped bolster debt-laden Eurotunnel's turnover by 36% on 1997 to £618M.
Deputy Prime Minister John Prescott announced this week that he will host a national rail summit on 25 February. The summit is to be held at the QE2 Conference Centre in Westminster.
Railtrack submitted its Track Quality Improvement Programme to Rail Regulator Chris Bolt this week. The programme will involve carrying out work on more than 18,000 sections of track by March 2001.
Mobile plant used for land remediation projects can no longer be operated without a licence from the Environment Agency. The Agency has brought in the regulation to improve environmental and public safety. Licensing will help classify new plant and remediation techniques and establish industry guidelines.
Costs of traffic diversions, paid by firms involved in tramway, light and heavy rail projects to public transport providers, will be cut from 18% to 7.5%, if a draft Department of Environment Transport and the Regions legislation is passed.