British Steel awarded £500m rail contract to supply Network Rail

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British Steel awarded £500m rail contract to supply Network Rail

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Picture of Michael Holden

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Installing points at the new Cambridge South Station. // Credit: Network Rail
Installing points at the new Cambridge South Station. // Credit: Network Rail

A major rail deal has been agreed between Network Rail and British Steel.

The five-year contract is worth £500m and will see more than 337,000 tonnes of rail track manufactured.

The contract will start on the 1st July and will provide around 80% of the rail needs.

To ensure supply, Network Rail, which needs around 450,000 tonnes of rail in the next 5 years, will award smaller contracts to some European manufacturers.

“This landmark contract truly transforms the outlook for British Steel and its dedicated workforce in Scunthorpe, building on its decades-long partnership with Network Rail to produce rail for Britain’s railways.

“After taking urgent action to step in and save these historic blast furnaces from closure, we’ve now helped secure their long-term future by backing British Steel with meaningful Government contracts, protecting thousands of skilled manufacturing jobs in the process.

“This crucial investment in our railway infrastructure shows we are delivering on our Plan for Change commitment to raise living standards in every part of the UK and ensure economic growth is felt by working people in our proud industrial heartlands.”

Transport Secretary Heidi Alexander

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