Balfour Beatty, the international infrastructure group, said its 50/50 joint venture with Alstom, has been successful in the tendering process for the new signalling frameworks on behalf of Network Rail.
The joint venture, Signalling Solutions Limited, has secured involvement in seven of the eight geographical regions covered by Network Rail's seven-year "New Signalling Frameworks", worth a total £1.5bn.
Contracting firm WS Atkins also got in on the act, having been announced as the preferred supplier for two of Network Rail's signalling renewal framework contracts.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
More to follow ...
Should your business invest in a VoIP phone service?
Here's what you need to know about VOIP (voice over IP) services before landlines go digital in 2025.
By David Prosser Published
M&S is back in fashion: but how long can this success last?
M&S has exceeded expectations in the past few years, but can it keep up the momentum?
By Rupert Hargreaves Published