Fastline secures Network Rail contract
3 December 2005
From a Fastline press release:
Fastline Ltd has signed a multi-million pound contract with Network Rail for the delivery of on-track machines, as part of a three year contract, with options to extend up to five years. The contract will be worth £22 million in the first year.
The Fastline contract, which will start in April 2006, is part of Network Rail’s national tender for 107 tampers, regulators and dynamic track stabilisers. Fastline will supply a good proportion of the on-track machines.
Fastline is one of a number of companies to be awarded contracts under the tender.
Fastline Managing Director Michael Houghton said: "This contract represents Fastline's growing reputation within the rail infrastructure services industry for high quality, innovative, cost-effective and high performance equipment.”
"It is a testament to the hard work of the Fastline team that we have secured a significant part of the tender. We are delighted to play a part in Network Rail's drive to achieve the most effective, reliable and efficient way of managing the rail infrastructure.
"While Fastline has an extensive range of on-track machines across the UK rail network, we also take an innovative approach to technology development, designing and producing niche rail products that deliver proven efficiencies for our customer.
"We will be working very hard to provide Network Rail with the quality and service they require to meet their targets, and in turn to secure further extensions to this contract."