Renewal Contract
June 23 2003 - 3:00AM
UK Regulatory
RNS Number:6193M
Peterhouse Group PLC
23 June 2003
Immediate Release 23 June 2003
PETERHOUSE GROUP PLC
TRACK RENEWAL CONTRACT
Peterhouse Group plc, ("Peterhouse"),a leading provider of infrastructure
services principally to the telecommunications, power and rail industries, is
pleased to announce that it has been appointed, by Network Rail, as preferred
bidder for the National Track Renewal Plain Line contract for Scotland and the
North West.
The contract is expected to be worth approximately #250 million over five years,
commencing in April 2004.
David Jackson, Chairman of Peterhouse, commented :
"At the time of our AGM we announced that Network Rail had entered into
exclusive negotiations with Peterhouse for the extension of our maintenance
contracts in Scotland. Today's announcement increases our market share in track
renewals and endorses our commitment to developing our rail business. It
demonstrates Peterhouse's ability to deliver in a highly competitive
marketplace."
For further information, please contact:
Peterhouse Group plc 01422 374 757
Alan Robertson, Chief Executive
Buchanan Communications 020 7466 5000
Tim Anderson / Isabel Petre
This information is provided by RNS
The company news service from the London Stock Exchange
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