Further details re: contract award

 

TIDMJRVS 
 
RNS Number : 6026F 
Jarvis PLC 
15 January 2010 
 

15 January 2010 
 
 
Jarvis plc 
 
 
Jarvis confirms rail engineering contract worth GBP55m 
for Chiltern Railway's Project Evergreen 3 
 
 
With reference to RNS announcement 5415F released at 10.30 am on 14 January 
2010, the Board of Jarvis plc is pleased to confirm that Jarvis Rail, its 
multi-disciplinary railway engineering business has successfully secured a 
contract worth in the region of GBP55m to undertake the rail elements of 
the Mainline phase of Chiltern Railway's Project Evergreen 3. 
 
 
Following a successful joint bid Jarvis Rail will be working very closely with 
principal contractor civil engineering specialists BAM Nuttall, as its 
subcontractor. 
 
 
The total value of the rail and civil elements of the Mainline phase of Project 
Evergreen 3 is estimated to be approximately GBP94m. The majority of the rail 
associated work is expected to be undertaken in the next financial year 
2010/2011. 
 
 
The contract also contains the exclusive option to extend the works, subject to 
relevant approvals, to cover the GBP96m upgrade of the Bicester to Oxford line 
which is due to commence in April 2011. The rail associated elements of this 
second phase are expected to be worth in the region of GBP36m. 
 
 
Stuart Laird, Chief Executive Officer Jarvis plc said: "I am delighted that we 
have been successful in securing the rail works on this major contract. It is a 
huge opportunity for us and is testament to the effort we are putting into 
developing relationships with potential new partners and customers. We have 
worked very closely with the team at BAM Nuttall to provide Chiltern Railways 
with a comprehensive solution which draws on our combined experience in rail and 
civil engineering. We are very much looking forward to working with BAM Nuttall 
and Chiltern Railways to ensure that Evergreen 3 is successfully and safely 
delivered." 
 
 
David Belsham, Director BAM Nuttall said: "We are delighted to have been 
appointed as the main contractor for this prestigious scheme. Together with our 
partners Jarvis and Atkins we are looking forward to contributing to the upgrade 
of this important rail link and playing our part in improving the travel 
experience for travelling passengers." 
 
 
Adrian Shooter, Chairman Chiltern Railways said: "We are pleased to have engaged 
with companies of BAM Nuttall and Jarvis's experience and expertise to undertake 
Evergreen 3. Working closely with Network Rail, we are going to create a new 
mainline railway for the people of Oxfordshire and the Midlands. This deal 
demonstrates that real improvements to rail services can be paid for without 
public subsidy by attracting people out of their cars and onto trains." 
 
 
Enquiries: Toni Jackson, Head of Communications, Jarvis plc - 01904 712 667 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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