MONTREAL, Aug. 19,
2024 /CNW/ - AtkinsRéalis Group Inc. (TSX:
ATRL), a world-class engineering services and nuclear company
with offices around the world, has been appointed by Network
Rail to renew and enhance the signalling and telecommunications
infrastructure in its Eastern region, which hosts over 6,000 miles
of track.
AtkinsRéalis has been selected as one of two suppliers for Lot
2A (Generalist Signalling and Telecommunications) under the Eastern
Routes Partnership Framework, Network Rail's main route to market
for projects in the Eastern region. Lot 2A has an overall value of
up to £150 million over five years, with an option to extend up to
a further five years in yearly increments to £300 million.
AtkinsRéalis will renew and enhance interlockings, level crossings,
networks, trackside equipment and telecommunications.
"Rail networks are facing new and increasing demands from
passengers and businesses, meaning modern signalling and
communication are essential to the provision of sustainable,
reliable transportation," said Ian L.
Edwards, President and Chief Executive Officer,
AtkinsRéalis. "Rail is one of our core sectors and this appointment
reinforces our position as a market leader delivering high-quality
infrastructure and digital technology which meets the evolving
needs of the industry."
The Eastern region runs from the borders of Scotland to London and has some of the busiest rail lines
in the UK, with its 6,000 miles of track encompassing nearly a
third of the UK's rail network. It facilitates the transportation
of large numbers of commuters and high amounts of freight to and
from busy cities including Newcastle, Leeds, Sheffield, Derby, Norwich and Cambridge. Much of the existing track and
signalling are more than 40 years old, necessitating Network Rail's
investment programme to renew and refurbish infrastructure.
Key to AtkinsRéalis' appointment was its ability to perform in a
partnership, reflecting its track record of collaborating with
supply chain partners to achieve shared objectives. The Eastern
Routes Partnership Framework builds on Network Rail's alliance
model established in the south of England, which AtkinsRéalis also secured a
place on. AtkinsRéalis also had to demonstrate how it will use
innovative solutions to reduce carbon, deliver net positive
biodiversity, and contribute to social value.
"The Eastern region is critical to the UK's overall
transportation network, connecting millions of people every day
across some of our biggest cities and moving the highest amount of
freight across all regions. We are looking forward to working with
Network Rail and other alliance members to improve the experience
for passengers and freight operators alike by reducing journey
times, optimizing traffic flow, and prioritizing safety," said
Richard Robinson, President, UK
& Ireland, AtkinsRéalis.
"The ERP framework is key to effectively maintaining our
infrastructure to deliver a sustained improvement in train
performance over the next five years." said Jake Kelly, Managing Director for Eastern Region
at Network Rail. "It's designed to strengthen our relationships
with our supply chain partners, letting us utilize their skills and
experience. ERP also lets us take a more collaborative approach by
bringing our engineers, delivery teams and the suppliers together,
earlier, to identify the minimum viable product."
Other UK rail projects AtkinsRéalis is delivering include a
re-signalling scheme south-east of London (currently in its final phase),
its role as Railway Systems Integration Partner for the East
Coast Digital Programme (the UK's first intercity digital railway)
and most recently, multidisciplinary rail signalling work in
Northern Ireland. Additionally,
AtkinsRéalis has designed a state-of-the-art signalling test
facility in England, and its
Advanced Signalling Method (ASM) was the first systems integration
product of its kind to gain formal product approval from the UK's
Network Rail.
About
AtkinsRéalis
Created by the integration of long-standing organizations
dating back to 1911, AtkinsRéalis is a world-class engineering
services and nuclear company dedicated to engineering a better
future for our planet and its people. We create sustainable
solutions that connect people, data and technology to transform the
world's infrastructure and energy systems. We deploy global
capabilities locally to our clients and deliver unique end-to-end
services across the whole life cycle of an asset including
consulting, advisory & environmental services, intelligent
networks & cybersecurity, design & engineering,
procurement, project & construction management, operations
& maintenance, decommissioning and capital. The breadth and
depth of our capabilities are delivered to clients in strategic
sectors such as Engineering Services, Nuclear and Capital.
News and information are available at
www.atkinsrealis.com or follow us on
LinkedIn.
Forward-Looking Statements
References in this press release to the "Company",
"AtkinsRéalis", "we", us" and "our" mean, as the context may
require, AtkinsRéalis Group Inc. or all or some
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that its actual actions or results could differ materially from
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Forward-looking statements are presented for the purpose of
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Readers are cautioned that such information may not be appropriate
for other purposes. Forward-looking statements made in this press
release are based on a number of assumptions believed by the
Company to be reasonable as at the date hereof. The assumptions are
set out throughout the Company's 2023 annual management disclosure
& analysis ("MD&A") (particularly in the sections entitled
"Critical Accounting Judgments and Key Sources of Estimation
Uncertainty" and "How We Analyze and Report our Results") filed
with the securities regulatory authorities in Canada, available on SEDAR+ at
www.sedarplus.com and on the Company's website
at www.atkinsrealis.com under the "Investors" section. If
these assumptions are inaccurate, the Company's actual results
could differ materially from those expressed or implied in such
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could cause the Company's assumptions and estimates to be
inaccurate and actual results or events to differ materially from
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Those risks are identified in the Company's 2023 annual MD&A
(particularly in the sections entitled "Risk and Un
certainties"), as updated in the first and second
quarters 2024 MD&A, are not exhaustive. The
forward-looking statements herein reflect the Company's
expectations as at the date of this press release and are subject
to change after this date. The Company does not undertake to update
publicly or to revise any such forward-looking statements whether
as a result of new information, future events or otherwise, unless
required by applicable legislation or regulation. The
forward-looking information and statements contained herein are
expressly qualified in their entirety by this cautionary
statement.
SOURCE AtkinsRéalis