Business
Contract Award Network Rail
Contract Award Network Rail.
About this update from Rtc Group Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 2002I\n RTC Group PLC\n 10 August 2021\n \n \n \n \n \n \n \n Certain information contained within this Announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014 (\"MAR\") as applied in the United Kingdom. Upon publication of this Announcement, this information is now considered to be in the public domain.\n \n \n \n \n \n 10 August 2021\n \n \n \n \n \n RTC Group Plc\n \n \n \n \n \n (\"RTC\", \"the Company\" or \"the Group\")\n \n \n \n \n \n Award of Network Rail Frontline Labour Contract \n \n \n \n \n \n RTC is pleased to announce a major contract award for its subsidiary, Ganymede Solutions Limited (\"Ganymede\") confirming its continuation as a long-term key strategic supply partner to Network Rail Infrastructure Limited (\"Network Rail\"). Ganymede will enter into a contract (the \"Contract\") with Network Rail to provide frontline labour services including the supply of safety critical, track, civil, electrification and plant and signalling resources nationally.\n \n \n \n \n \n The Contract will run from the 1st October 2021 for a minimum period of 5 years, up to a maximum period of 8 years and has an estimated order book value of between £100m and £150m over the term. This contract award confirms Ganymede's position as one of the UK's leading suppliers of frontline labour to the rail industry.\n \n \n \n \n \n Commenting on the award, RTC Chief Executive Andy Pendlebury said:\n \n \n \n \n \n \"This award is yet another resounding endorsement of the professional service that Ganymede continues to deliver to its long-term partner, Network Rail. It also vindicates the Group's long-term strategic commitment of investing alongside blue-chip clients supporting the UK transportation and wider infrastructure sector.\n \n \n \n \n \n Ganymede has established itself as one of the UK's most respected frontline labour suppliers and this new long-term partnership with Network Rail both underpins this and provides a further fundamental pillar for the Group's growth plans.\n \n \n \n \n \n The Board is extremely proud of the Ganymede team's achievement and performance over the last 6 years, which has culminated in this outstanding further contract award which...