Atkins wins Cardiff signalling renewal contract

Atkins, the FTSE 250 engineering firm, has won the signalling and power and distribution contracts for the Cardiff Area Signalling Renewal project.

Network Rail has set Atkins a target of delivery by 2015, in return the company expects to receive revenues of £64m.

Atkins will design and implement the replacement of signalling and power equipment across 192 miles of track between Newport and Port Talbot, covering the Vale of Glamorgan and Valleys areas.

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Professor Dr Uwe Krueger, Atkins' Chief Executive officer, said: "This is another important success for our UK business and is a further sign of Network Rail's confidence in our rail team."

Atkins shares have risen 7.7% so far this year.