Jarvis £1.5bn rail contract share

My Account
Logout

Create an Evening Standard Account

Use your social network

Save time by using your existing account to sign in to Evening Standard

We'll never share your information or post anything to your account without your permission

Welcome! Sign in here

Use your social network

Save time by using your existing account to sign in to Evening Standard

We'll never share your information or post anything to your account without your permission

Forgot your password ?

Registration

* indicates fields that are mandatory

Email *

Password *

Confirm Password *

First name *

Surname *

Postcode *

Country *

Mobile phone number

Username *

Gender *

Year of birth *

When you sign up...

You will have access to all our online competitions, discounted offers and can post comments on our site.

You will also receive The Weekender newsletter sent every Thursday - it’s full of fantastic offers and ideas for the weekend. You can update your email preferences in your account page when you log in.

Other newsletters and emails

Homes & Property Newsletter - Yes I want to receive the weekly email with all the latest news on property in the capital

Occasionally we would also like to send you relevant emails detailing specific offers either from ourselves or carefully selected partners. If you would prefer not to receive these then please tick the appropriate boxes below. We will never pass on your details.

I do not want to receive additional offers and information from the Evening Standard

I do not want to receive additional offers and information sent by Evening Standard on behalf of carefully selected partners

Terms and Conditions

* I have read, understood and agree to be bound by the terms and conditions of Evening Standard

Registration

Mail Sent for Registration Confirmation.

A confirmation email has been sent. Please activate your account by clicking on the activation link sent in your mail box.

York-based Jarvis - close to collapse three years ago after running up huge losses on delayed building projects - has been chosen as one of the network operator's preferred renewals firms over the next three years.

The business joins Balfour Beatty, Glasgow-based First Engineering and a joint venture between Amey and Bristol firm Seco as the other successful bidders.

Steven Norris, executive chairman of Jarvis, said the deal would be worth an additional £15 million a year to the firm's turnover. Jarvis's rail business had revenues of more than £140 million in the year to April.

Network Rail's decision comes after a six-month trial period for its six current renewals contractors. Wolverhampton-based Carillion and Doncaster's Grant Rail were the two firms who missed out.

The rail operator hopes to make around £150 million in efficiency savings over the next five years through using fewer firms.

The four firms will carry out track and points renewals work across all parts of the network including the West Coast Main Line.

Network Rail has chosen the bidders after a six-month assessment of the cost, operational performance and health and safety record of its current renewals contractors. Firms were also judged on their ability to start and finish work on time, preventing disruption to commuters.

The quartet will take over all renewals work from the spring of next year.

Network Rail's infrastructure director, Peter Henderson, said: "We will now be in a better position to strengthen the working relationship with these four contractors and ultimately reduce the infrastructure cost associated with track renewals delivery."