Five major infrastructure contractors and suppliers are celebrating £2 billion worth of contracts from Network Rail that could keep them in work across Wales and the West of England until the end of the decade.
AmcoGiffen, Octavius, BAM Nuttall, Morgan Sindall and Taylor Woodrow have all been giv-en what they have sought for many years - a pipeline of work that will enable them to plan their resources better, work more closely with their own suppliers, and hopefully significantly re-duce their costs.
Numerous hours have been spent at rail conferences and meetings lobbying the Department for Transport and Network Rail to come up with this solution to stop-go rail investment.
NR has now announced deals for its buildings, civil engineering, electrification and plant equipment between the years 2024-29, under what is known as Control Period 7 (CP7).
The Government’s total budget for operating, maintenance and renewals is £44 billion, com-pared with £47bn for the previous five-year period.
Network Rail says that packaging the work into bundles should save both time and costs, through best use of resources, consistency, and better co-ordination.
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