MONTREAL, June 17, 2019 /CNW Telbec/ - SNC-Lavalin's
(TSX: SNC) Atkins business has won a contract to design £1.5
billion of track upgrades for Network Rail.
As part of the Central Rail Systems Alliance – alongside Balfour
Beatty and TSO – SNC-Lavalin's Atkins business will support the
delivery of upgrade work across London North West, London North
East and East Midland routes for the next decade. This includes
track, crossings, points, and associated overhead lines and
signalling. Work is due to commence in August and is worth up to
£300 million (approx. $500 million
CAD) in revenue to SNC-Lavalin.
"We have a long tradition of excellence in engineering and
design in the global rail industry, and we are thrilled to be able
to bring our expertise to such a valued client," said Ian L. Edwards, Interim President and CEO,
SNC-Lavalin. "It is with this kind of long-term consultancy work
that SNC-Lavalin brings value-added outcomes for both the client
and the end-users."
"We look forward to working with Network Rail, Balfour Beatty
and TSO to deliver critical track upgrades across the central
region on what is the biggest upgrade to Britain's railways in 150 years," added
Philip Hoare, President, Atkins,
Engineering, Design & Project Management, SNC-Lavalin. "Drawing
on our collective rail experience and expertise, as well the latest
digital solutions, we're committed to designing a safe, efficient
and reliable railway which is fit for the future."
The announcement marks the final 10-year contract (initial
five-year period with an option to extend) of three new
geographically focused alliances between Network Rail, designers
and construction suppliers.
The Atkins business has also recently secured a place on Network
Rails' Signalling and Telecoms framework to deliver projects of
varying value, including stand-alone level crossings, stand-alone
major telecoms and related civil works. This has expected value of
£175 million (approx. $295 million
CAD) to SNC-Lavalin.
About SNC-Lavalin
Founded in 1911, SNC-Lavalin is a global fully integrated
professional services and project management company and a major
player in the ownership of infrastructure. From offices around the
world, SNC-Lavalin's employees think beyond engineering. Our teams
provide comprehensive end-to-end project solutions – including
capital investment, consulting, design, engineering, construction
management, sustaining capital and operations and maintenance – to
clients across the EDPM (engineering, design and project
management), Infrastructure, Nuclear, Clean Power, and Resources
businesses. www.snclavalin.com
SOURCE SNC-Lavalin