Balfour Beatty has secured a two-year £170m extension to its Track Partnership contract for London Underground.
The Track Partnership is an alliance between Balfour Beatty Rail and Underground that will see the contractor be responsible for delivering track renewal work across London’s tube network.
The company was first awarded the contract in 2010; the two-year extension will take work through to March 2018.
Balfour Beatty will continue to provide design, labour, plant and materials, as well as surveying, supervision and management of the renewal works.
Over the next two years London Underground said there would be a focus on enhancing efficiencies, including measures that will see project managers given more accountability for driving down costs.
Balfour Beatty group chief executive Leo Quinn said: “With world-class expertise in track, electrification and power supply systems, Balfour Beatty Rail is a significant player in the UK rail infrastructure market.
“We have utilised these market-leading skills and expertise working with London Underground over the last 13 years.
“This extension is a clear sign of London Underground’s confidence in the capability of Balfour Beatty within the Track Partnership.”