Story Contracting and QTS have successfully secured the first two geotechnical contracts, worth £147M, awarded by Network Rail for its CP6 funding period.
Under the deals, Story Contracting will deliver £47M of geotechnical work on the London North East route, while QTS will undertake £100M worth of geotechnical schemes in Scotland.
Story’s new contract follows on from a £135M contract award from Network Rail for CP6 renewals and enhancements work in Scotland valued at around £135M.
Network Rail interim manager for Scotland and North East Kris Kinnear said: “Significant five-year contracts not only benefit our key supply chain partners, but the thousands of companies who work for them too, providing them with the surety they need to invest in their people, innovation and value for money.”
QTS managing director Alan McLeish added: “We are exceptionally proud of the collaborative work QTS has carried out during the last control period, with some outstanding geotechnical projects delivered across Scotland. It is a testament to the hard work of our team during the CP5 contract, and the strong relationship that we have built with Network Rail, that has allowed us to be successful in this CP6 tender process.
“Our expertise and commitment to finding further efficiencies for Network Rail by using innovative plant and methods, stands us in excellent stead to continue providing a high standard of work over the next five years.”
Commenting on Story’s latest contract award, the company’s chief executive Jason Butterworth said: We are thrilled with the news of another win for Network Rail which again reinforces our reputation for delivering quality projects safely, on time and to budget. This contract will mean we can employ even more professionals across the area and also entice new talent into the industry – including investment in the future with our graduate and apprentice programmes. It will also mean we can invest into local communities through our corporate social responsibility programme which will deliver sustainable projects for local organisations and charities”.