Harsco Corporation (NYSE: HSC) has announced that its Rail division has been awarded a three-year (with an optional two-year extension) mobile maintenance train service contract by Network Rail, the largest infrastructure manager of railway network in the United Kingdom.
The contract, valued approximately at $25 million, calls for Harsco Rail to operate and maintain Network Rail’s fleet of eight mobile maintenance trains. The contract is scheduled to begin in April 2020.
The fleet of mobile maintenance trains plays a critical role in Network Rail’s operations, enabling the delivery of essential track-maintenance works throughout the railroad infrastructure. Seven trains are currently operational and based at Darlington, Wakefield, Retford, Derby, Horsham, Paddock Wood and Romford, while the eighth vehicle is used to undertake overhaul and maintenance works.
Harsco Rail President Jeswant Gill said: “We’re very pleased to expand our partnership with Network Rail.
“This award demonstrates Network Rail’s confidence in Harsco Rail as a valued partner capable of delivering class-leading performance.”
About Harsco: Harsco Rail, a worldwide operating segment of Harsco Corporation, is a technological and innovative global supplier of railway track maintenance products and services. Harsco Rail provides expert engineering, vehicles and equipment, innovative technology, safety technology, dedicated parts and services, contracting services and quality maintenance from nine main locations in the United States, the United Kingdom, Germany, India, Brazil, China and Australia. Additional information can be found at www.harscorail.com.
Photo credit: Harsco