Statement re Extensions to Rail Contracts
25 Marzo 2003 - 11:13AM
UK Regulatory
For immediate release
25 March 2003
Amey plc
Extensions to Rail Contracts
Amey, the support services specialist, announces that it has agreed the
extension of the Exeter Infrastructure Maintenance Contract and the Reading
Infrastructure Maintenance Contract with Network Rail.
The Exeter Infrastructure Maintenance Contract, covering the railways in Devon
and Cornwall, has been extended to April 2004. The value of the extended
contract is projected to be worth around �25 million to Amey.
In January 2003, Amey and Network Rail announced an agreement in principle to
transfer the maintenance contract for the Reading Area of the Great Western
Zone to Network Rail at its expiry in March 2003. As part of the transition
process Amey has now agreed an extension of the existing Reading Contract.
Network Rail is expected to fully take over the contract later in the year. The
Reading Infrastructure Maintenance Contract covers the main line from Swindon
and the West Country into London Paddington.
Mel Ewell, Amey's Chief Executive, commented:
"This announcement confirms Amey's commitment to consolidate its position as a
principal supplier to the Rail industry and illustrates its close working
relationship with Network Rail."
-END-
For further information please contact:
Anthony Cardew / Nadja Vetter, CardewChancery T: 020 7930 0777
Notes to editors:
Amey is a provider of integrated business support services to the public
and private sector and is working closely with central and local
government to develop major PFI/PPP projects including education, health,
transport and defence. Services range from the management of large-scale
transportation infrastructure to the delivery of professional and back
office services.
Amey Rail provides a range of support services to the rail industry
including asset renewals, customer information systems, technical advice
and solutions, design and project management.
Amey Rail has three Infrastructure Maintenance Contracts with Network
Rail: the Exeter Infrastructure Maintenance Contract, the Reading
Infrastructure Maintenance Contract and the West Midlands and Chilterns
Contract.
Amey Rail originally obtained the Reading and Exeter Infrastructure
Maintenance Contracts through the privatisation of British Rail.
The Infrastructure Maintenance Contracts include the inspection and
maintenance of the railway assets including track, signalling,
electrification and rapid response to failures.
END