Carillion PLC Contract wins (5916V)
November 06 2017 - 1:00AM
UK Regulatory
TIDMCLLN
RNS Number : 5916V
Carillion PLC
06 November 2017
6 November 2017
Carillion awarded Network Rail contracts
Carillion plc ('Carillion' or 'the Group') is today announcing
two contract awards, both in respect of Network Rail's Midland
Mainline improvement programme.
Carillion has signed a contract with Network Rail to upgrade the
existing track and infrastructure on the route from London to
Corby. The contract is expected to generate revenues for the Group
of GBP62m over the next two and a half years.
Carillion Powerlines, a 50:50 Joint Venture with Powerlines
Group, has signed a contract with Network Rail in respect of the
Midland Mainline Electrification programme. Under the contract,
Carillion Powerlines will undertake work to complete the
electrification of the route from London to Corby. The contract is
expected to generate revenue for the Joint Venture of cGBP260
million over the next three years and work will commence
shortly.
Commenting Keith Cochrane, Interim Chief Executive, 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.'
This and other Carillion news releases can be found at
www.carillionplc.com.
For more information
Kellie McAvoy, Head of Investor Relations, or,
John Denning, Director Group Corporate Affairs, Carillion plc
+44 (0) 1902 906333
Teneo Blue Rubicon
Charles Armitstead/Haya Herbert-Burns +44 (0) 207 420 3197
This information is provided by RNS
The company news service from the London Stock Exchange
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