Carillion wins new contracts

 
Suzie Neuwirth
CONSTRUCTION group Carillion said yesterday that it has been awarded two contracts by Network Rail worth £122m, as it reaffirmed that it is on track to meet its full-year targets.

The new contracts will link the Crossrail service into the railway operator’s existing infrastructure from Stockley Junction in the West through to Old Oak Common on the approaches to Paddington.

Carillion will provide a range of services including design, track work, and minor civil engineering works.

In a trading update, the firm said that the planned re-scaling of its UK building division had led to lower first-half revenue but this was in line with expectations and did not impact full-year outlook.