Higgins signs off with £4.8bn Aussie deal
Network Rail has won its first major overseas consultancy work, as outgoing chief executive Sir David Higgins signs off with a deal that cements his plans to commercialise the state-backed owner of Britain's rail infrastructure.
The organisation will make safety assessments on the design and construction of the £4.8bn North West Rail Link in Sydney. The deal is worth seven figures, dwarfing the minor work Network Rail Consulting has won in Australia and the US since it was set-up last year.
Sir David leaves Network Rail for High Speed Two in 2014 and was criticised for getting a £99,000 bonus after the group missed performance targets. However, he masterminded plans to win lucrative overseas work and introduced a rigorous health & safety culture.
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