Powerlines buys Carillion JV stake saving 300 jobs

Aaron Morby 1 year ago
Share

The electrification of the Midland Mainline and Shotts railway lines are back on track after Austrian-owned contractor Powerlines bought Carillion’s 50% stake in its joint venture delivery contractor.

The deal will save 300 jobs on the projects, which are worth more than £300m.

Carillion Powerlines won the £49m contract to electrify the Shotts Line between Holytown Junction and Midcalder Junction a year ago to allow electric services between Edinburgh and Glasgow in 2019.

The larger Midland Mainline electrification work from Bedford to Kettering and Corby was secured last November after a work moratorium to conduct a thorough Government review into cost overruns on electrification projects. This three-year job was worth £260m over three years.

Powerlines Group CEO Gerhard Ehringer said: “The acquisition of the shares of our former joint venture partners in the UK is an important milestone for the Powerlines Group as a whole, but of course especially for the sustainable development and positioning of our company in the UK.

“I am very proud that we have succeeded in this step. We are now working in close cooperation work with our customer Network Rail on the successful completion of our projects.”

Latest news

Graham to start Liverpool flyovers demolition next month

Complex dismantling of Churchill Way flyovers to cost nearly £7m
4 hours ago

Jacobs to buy John Wood nuclear arm for £250m

More than 2,000 staff to transfer to Jacobs in major UK nuclear take-over
11 hours ago

First JCB electric mini diggers start arriving on site

Lynch and Willow Hire take first zero emission excavators
3 hours ago

Private equity firm snaps up roofing supplier Marley

Belgian materials giant Etex sells Staffordshire-based roofing specialist employing 600 staff
7 hours ago

Creditors blast Britain’s oldest building company

Firms owed cash demand answers after Durtnell strikes debt repayment deal with some suppliers
12 hours ago

Persimmon calls in independent site quality enforcers

New construction quality checkers will vet trade contractor delivery independent from site management teams
10 hours ago

Crossrail enters its “most challenging phase”

Contractor productivity a "main area of programme risk and uncertainty."
11 hours ago

Shaylor collapse hits trade contractors for £19m

Directors Stephen and Ritchie Shaylor listed among major creditors
1 day ago

City planners tighten rules to avoid tower downdraughts

Skyscrapers will now be designed with pedestrian and cyclist safety in mind
11 hours ago

Failed piling firm Aspin auctions off plant fleet

More than 600 pieces of kit expected to raise over £2m
12 hours ago

Javid unveils £600m boost for five projects

Fresh infrastructure funding to unlock 50,000 homes in London, Bedfordshire and Essex
2 days ago

Flying debris from Didcot demolition knocks out power

Material blown off cooling towers during demolition hits overhead power line
1 day ago

£100m Chester Racecourse revamp approved

First phase of work to begin this autumn
1 day ago

Fusion 21 hunt for £250m building upkeep firms

New building repair and improvement framework for regions to launch in November
1 day ago

Lendlease unveils new construction boss

Company veteran Simon Gorski takes over from Neil Martin
4 days ago

Kier to start work on £50m new home for Durham council

Contractor promises major boost to local supply chain
4 days ago

Boost your online presence – join the Enquirer Directory

Site for suppliers and buyers showcases products, services and latest stories
1 year ago

Willmott Dixon to complete Pochin Stoke site

Replacement found for collapsed contractor on £37.5m scheme
4 days ago

VolkerWessels UK on track to top £1bn turnover

Group margin hits 3% as UK business enjoys record order book of £1.4bn
4 days ago

Britain’s oldest building company strikes deal with creditors

R Durtnell agrees debt repayment plan with suppliers owed more than £8m
4 days ago

Worker jailed for tax dodging on major London sites

Self-employed Bournemouth builder sentenced to 30 months for evading £110,000 in tax
5 days ago

Bid race starts for £40m M1-A6 link road

Central Bedfordshire Council says project could start in March 2020
4 days ago

Castle Building Services bags £6m M&E package

Early appointment by Bowmer & Kirkland alllows plenty of pre-site start design time
4 days ago

Bright ideas from Balfour Beatty staff save £4m

"My Contribution" programme sees staff suggest 2,600 ways to improve efficiency
5 days ago

£120m plan to replace Liverpool flyover with tunnel

Plan lodged to demolish flyover and replace it with a dual-lane tunnel
5 days ago

B&K checks in with Manchester “Jenga” hotel

Work to start next month on 275-bed Piccadilly Station hotel
6 days ago

Radisson backs £5bn Kent theme park with hotel plan

Hotel giant takes stake in project as backers look to confirm construction start date
6 days ago

Super safe scaffold screen could slash site costs

System in use at Twickenham station site boosts safety and saves money
5 days ago

McMullen lands cladding package at King’s Cross

Specialist to deliver striking facade for main contractor BAM
5 days ago

Balfour results can help “restore confidence” in construction

Boss Leo Quinn says latest numbers show contractors can deliver
6 days ago

Contractor services