Railway Engineering (Industrial Report) - UK - March 2014
"The anticipated increase in demand from passengers together with growth in the rail freight sector will put additional strain on the UK’s rail system over the coming years, with the network already nearing its capacity limits. Thus continued investment in the rail infrastructure will be necessary over the coming years."
- Claudia Preedy, Industrial Analyst
Investment will also be supported by government plans to modernise the rail network, largely through enhancement and electrification schemes. For the next control period, 2014-19, Network Rail plans to procure 65% of its control period 5 work bank by April 2014. Furthermore, the company is set to move away from competitive tendering and towards frameworks and alliances. This will result in the company forming closer, longer-term relationships with its contractors, but also in a number of its current contractors losing out on work, as the company is set to work with fewer suppliers.
This report analyses expenditure by the rail sector in both rolling stock and infrastructure investments. As such, the market includes the following sectors:
- Civil engineering work
- Track and signalling work, including new routes and new electrification
- Rolling stock, including eligible refurbishment work
- Stations, including retail outlets buildings
- Other expenditure associated with the rail business
All of the values quoted in this report are at current prices unless otherwise specified.
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