Deals this week: Balfour Beatty, CRRC Nanjing Puzhen Rail Transport, HS2


Balfour Beatty has received a £16m ($19.9m) contract from Network Rail for the redevelopment of Glasgow Queen Street Station in Scotland.

The deal forms part of Network Rail’s £742m ($922m) Edinburgh Glasgow Improvement Programme that aims to offer better facilities for users, while catering to increasing passenger numbers.

Plans include the construction of a new operations centre to replace the existing platform buildings by 2018.

The redevelopment scheme has been devised to enable the station to accommodate growing passenger traffic, which is anticipated to reach 28 million by 2030.

Midas Holdings' joint venture (JV) company CRRC Nanjing Puzhen Rail Transport (NPRT) has secured a $78.5m deal from Shanghai Rail Transit Line Two Development in China for the supply of metro train cars for Shanghai Metro Line 2.

The 64km-long Line 2 transports approximately 1.5 million passengers a day, connecting East Xujing in the west with Pudong International Airport in the east. The new trains are scheduled for delivery by November 2018.

"CRRC Nanjing Puzhen Rail Transport (NPRT) has secured a $78.5m deal from Shanghai Rail Transit Line Two Development in China for the supply of metro train cars."

Midas Holdings owns 32.5% equity interest in NPRT, which is a Sino-foreign JV.

NPRT is a provider of metro trains, bogies, and associated spares, while Midas offers aluminium alloy extrusion products for the passenger rail transportation sector in China.

High Speed Two Limited (HS2 Ltd) has announced contract opportunities for the development of four new stations on the London to Birmingham high-speed railway line.

The winning bidders will be responsible for preparing and refining HS2’s plans to develop new stations at Birmingham Curzon Street, Birmingham Interchange and Old Oak Common, as well as the refurbishment of London Euston station.

The project will offer improved connections to local transport, airports and rail services, and is expected to create more than 170,000 new jobs during its lifespan.