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Investing.com -- Colas has secured a five-year seasonal railway maintenance contract from Network Rail in the United Kingdom (TADAWUL:4280), according to a statement on Thursday.
The contract is valued at €58 million ($63.3 million).
The maintenance work will be handled by Colas’ freight teams according to the agreement terms. The contract represents a significant business win for the company in the UK railway maintenance sector.
Network Rail, which owns and manages most of Britain’s railway infrastructure, selected Colas to perform the seasonal maintenance activities across its rail network as part of its ongoing infrastructure maintenance program.
The contract adds to Colas’ portfolio of railway maintenance work in the United Kingdom, where the company has established itself as a service provider in the transportation infrastructure sector.
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