British Steel have come to an agreement for a two-year extension with Network Rail, to continue its position as the core supplier for Network Rail. This contract with the UKs rail infrastructure maintenance company is now set to conclude in March 2024, by which time employees at British Steel's Scunthorpe headquarters will have supplied Network Rail with more than one million tonnes of rail (circa 19,000 kilometres) in a decade.
Network Rail said:
“We are pleased to continue our long-running relationship with British Steel. The Supplier plays a significant role in delivering our track maintenance, renewal and enhancement activities. Further investment in the Scunthorpe site enables improved resilience and performance to support the provision of a safe and reliable network for passengers and freight users.”
The contract will see more than just rails being supplied, with British Steel set to build two new developments which will enhance the continued services for Network Rail. These comprise a multimillion-pound storage facility for long length rails and a dedicated train servicing facility to allow essential maintenance to Network Rail's Rail Delivery Trains. Both projects will be constructed at the Scunthorpe British Steel site, which will generate a plethora of job opportunities for those within the local areas.
British Steel’s Commercial Director for Rail, Craig Harvey, said:
“We’re extremely proud of our partnership with Network Rail and delighted to have extended our contract with them.
“This agreement is testament to the high-quality products and services our people deliver, and we look forward to continuing our work with Network Rail to ensure millions of passengers and freight operators enjoy safe, enjoyable and timely journeys.”
The rails – which will largely be used for maintenance and renewals – will be supplied during Network Rail’s Control Period 6 (CP6), its 5-year plan to maintain and improve Britain’s railways. CP6 runs between 2019 and 2024 and is designed to make the railway more reliable and cost efficient while increasing capacity and building on its reputation as the safest railway in Europe.
The rail industry acts as a mass employer in various areas within the UK and seeing consistent investment within the sector promises job opportunities, maintaining economic stability. This news of a contract extension comes soon after the announcement of British Steels recruitment drive for eighty graduates and apprenticeships, in order to support their drive to deliver net zero steel.
Continuous hiring schemes, accompanied with the pledge to invest in a range of technologies to build a clean, green and sustainable future, preserves the industries identity as a stable institution that helps maintain the countries economic stability.