Kier Group PLC
01 February 2005
KIER SELECTED TO UPGRADE EAST ANGLIA'S RAILWAY
Kier has been named one of seven framework contractors for Network Rail in its
bid to rebuild Britain's railway. The five-year contract which was signed on
Tuesday 26 January to carry out improvement work throughout the East Anglia
region has an estimated value of £20m in the first year.
The contract, which carries a performance-related option to extend for a further
two years, is one of seven awarded by Network Rail and forms an integral part of
the drive to improve the condition of its assets whilst delivering better train
service performance and reducing costs. As part of the framework which is due to
start on 1 April, Kier's role will be to renew structures, including; bridges,
retaining walls, embankments, tunnels, culverts, drainage and earthworks
throughout East Anglia. Lines include Essex, Suffolk, Norfolk, Cambridgeshire
and Hertfordshire to the east of the East Coast Mainline and the North East
sector of London.
Kier Group Chief Executive John Dodds commented: "We are delighted to be chosen
as one of Network Rail's framework contractors. This exciting opportunity will
enable us to extend our railway sector experience to the East Anglia region. "
For further information, please contact:
John Dodds, Chief Executive
Deena Mattar, Finance Director
Kier Group plc Tel: 01767 640111
This information is provided by RNS
The company news service from the London Stock Exchange
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