Balfour Beatty, the international infrastructure group, has been awarded contracts by Network Rail totalling up to £248 million.

a four-year extension to 2014 to Balfour Beatty’s existing track renewal framework contract worth approximately £56 million in the first year of the contract, with a further £115 million to be awarded provided agreed targets are met during the first year of the contract.

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Included in the contract is the £27 million Paisley corridor improvement project in Glasgow for the construction of a new third running line and associated overhead electrification additions and modifications, as well as the remodelling of a number of approach lines. The Paisley corridor runs from Gower Street Junction to Arkleston Junction. This contract is due for completion in 2012.

Commenting today Balfour Beatty Chief Executive, Ian Tyler, said: "We are delighted to have been awarded these contracts by Network Rail for whom we have worked since its formation in 2002 on a number of high-profile projects. These further contract awards demonstrate the strength of our partnership and we look forward to delivering a first-class service to Network Rail.”

(GK)