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Network <strong>Rail</strong> awards £1.5bn of<br />
signalling framework agreements<br />
■The next framework<br />
agreements for signalling work<br />
have been given to Invensys <strong>Rail</strong>,<br />
Signalling Solutions and Atkins.<br />
The contracts with Network<br />
<strong>Rail</strong>, worth around £1.5bn in total,<br />
will cover the majority of signalling<br />
renewals and enhancements in<br />
England, Scotland and Wales. They<br />
will start in April and l<strong>as</strong>t for up to<br />
seven years.<br />
Simon Kirby, Network <strong>Rail</strong>’s<br />
managing director of infr<strong>as</strong>tructure<br />
projects, said: ‘Network <strong>Rail</strong> is<br />
continuing to drive down the costs<br />
of Britain’s railway.’<br />
He added: ‘As the number of<br />
p<strong>as</strong>sengers and companies that rely<br />
on Britain’s railway continues to rise,<br />
the safety-critical systems we use to<br />
run a safe and efficient railway are<br />
more important than ever.’<br />
Rugby signalling centre<br />
More Asian bidders expected<br />
to take part in future<br />
franchise competitions<br />
Hong Kong’s M<strong>as</strong>s Transit <strong>Rail</strong>way Corporation (MTR) would<br />
bring its own engineers over from China to ensure minimal<br />
disruption during the rebuilding of London Bridge station in<br />
2018, if it w<strong>as</strong> successful in its bid to run Thameslink’s trains, its<br />
managers have said.<br />
The operator, which already h<strong>as</strong> a stake in London<br />
Overground operator Lorol, is making its first solo bid in the UK<br />
with its pitch for Thameslink.<br />
But more Asian companies are expected to bid for contracts<br />
in Britain’s transport infr<strong>as</strong>tructure over the next few years,<br />
according to Nick Emmerson, partner in international law firm<br />
Eversheds. Lack of money in the west is likely to lead to more<br />
far e<strong>as</strong>tern companies bidding for business in the UK, he<br />
predicts. Speaking from his London office, he explained: ‘Asian<br />
companies have identified UK transport and infr<strong>as</strong>tructure <strong>as</strong>sets<br />
<strong>as</strong> investment targets, <strong>as</strong> they offer long-term stable returns in a<br />
sector where they have recent and relevant know-how.<br />
‘Bringing that experience and expertise, and the financial<br />
resource to back it, can only strengthen the UK’s ability to<br />
modernise. Asian companies have excess c<strong>as</strong>h burning holes in<br />
their pockets.’<br />
MARCH 2012 PAGE 11