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  1. Key figures and the pipeline come first; the tabs open the full tables of buyers, players and tenders.
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  3. Watch a buyer or tender here and it lands in your weekly digest when it changes.

United Kingdom

Coverage: 4 regions live, 23 buyers, 24 tenders, checked 2026-09-23.

This week: Network Rail tenders its rail haulage requirement, valued at £949.9m. (2026-09-28) Network Rail Infrastructure Ltd

How this market works

Early edition — 23 buyers, 24 tenders, deepening weekly

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Key figures

Network Rail CP7 settlement£43.1 billionNetwork Rail CP7 (Apr 2024–Mar 2029) spending assessed in ORR's PR23 final determination
1 source · primary
  • ● Office of Rail and Road · Periodic review 2023 of Network Rail: final determination (published 2023-10-31 · checked 2026-09-05)
Passenger journeys, 2025-261.83 billionPassenger journeys on Great Britain's rail network, April 2025–March 2026 — the most since 1920
1 source · primary
  • ● Office of Rail and Road · ORR says most journeys made on Great Britain's rail network since 1920 (press release) (published 2026-06-18 · checked 2026-09-05)
HS2 cost to complete£87.7–102.7 billionHS2 (Euston–West Midlands) estimated cost range, mixed price base, DfT Accounting Officer Assessment May 2026
1 source · primary
  • ● Department for Transport (GOV.UK) · HS2 Phase 1: decision to continue delivery following programme reset — Accounting Officer Assessment summary (published 2026-05-19 · checked 2026-09-05)
Network size20,000 miles of track · 2,589 stationsNetwork Rail track mileage (Network Rail) and mainline stations at 31 March 2025 (ORR)
2 sources · all primary
  • ● Network Rail · About us (published 2026 · checked 2026-09-05)
  • ● Office of Rail and Road · Rail infrastructure and assets, April 2024 to March 2025 (published 2025-11-20 · checked 2026-09-05)

How the market works

Great Britain's railway is publicly owned infrastructure (Network Rail, an arm's-length body of the DfT since 2014) regulated by the independent ORR, with passenger operations returning to public ownership as contracts expire under the 2024 Act and a directing mind — Great British Railways — being created by the Railways Bill. HS2 Ltd delivers the new line for the DfT. Scotland and Wales fund and specify their own railways (Transport Scotland, Transport for Wales); London and the city regions run their own systems (TfL, Nexus, SPT). Northern Ireland is a separate, integrated system (Translink under DfI). Trains are owned by three private lessors and built by Alstom, Siemens, Hitachi, CAF and Stadler in British plants; Network Rail buys through five-year control-period frameworks.

  1. Governments and funders
  2. Regulator
  3. Infrastructure and new lines
  4. Operators
  5. Urban and devolved authorities
  6. Rolling-stock lessors

Programmes

HS2
High Speed 2, Euston–West Midlands; programme reset 2025–26, cost to complete estimated at £87.7–102.7bn (DfT, May 2026).
CP7
Network Rail Control Period 7 (April 2024–March 2029): £43.1bn settlement under ORR's PR23 final determination.
TRU
Transpennine Route Upgrade (Manchester–Huddersfield–Leeds–York): electrification, capacity and digital signalling programme.
ETCS / ECDP
European Train Control System deployment, led by the East Coast Digital Programme on the East Coast Main Line.
Great British Railways
The Railways Bill (introduced November 2025) creates Great British Railways as the publicly owned directing mind for track and train; operators return to public ownership as contracts expire.

Nations

NationCoverage
England10 buyers · 12 tenders
Scotland4 buyers · 5 tenders
Wales2 buyers · 3 tenders
Northern Ireland2 buyers · 4 tenders

Most active buyers

BuyerTypeNationTendersContracts awarded
Network Rail Infrastructure LtdInfrastructure managerEngland317
High Speed Two (HS2) LimitedHigh-speed rail SPVEngland18
Translink (Northern Ireland Transport Holding Company / NI Railways)National operatorNorthern Ireland44
Transport for LondonTransit authorityEngland22
Strathclyde Partnership for TransportTransit authorityScotland12
Transport for Wales (Trafnidiaeth Cymru)Transit authorityWales21
Cardiff CouncilDevelopment authorityWales11
Network Rail — Scotland's RailwayInfrastructure managerScotland20

Market-wide buyers

Bodies that act across the whole market rather than in one nation.

BuyerTypeDetail
Chiltern Rail LimitedNational operatorpublic-sector train operating company, subsidiary of DfT Operator Limited
DfT Operator LimitedNational operatorpublic-sector operator holding company (precursor to GBR)
Office of Rail and RoadRegulator / standardsindependent regulator — economic (Network Rail, HS1) and safety (all GB rail)
Thameslink Southern Great Northern LimitedNational operatorpublic-sector train operating company, subsidiary of DfT Operator Limited
West Yorkshire Combined AuthorityTransit authoritymayoral combined authority; sponsor of the West Yorkshire Mass Transit tram programme

Live tenders

Recently awarded

TenderBuyerStatusValue bandNext key date
Enterprise fleet Stadler FLIRT tri-mode Belfast–DublinTranslinkAwarded$500m–1bnAwarded May 2026
North Acton–Hanger Lane stabilisation Central lineTfLAwarded£20–25mAwarded May 2026

Who holds the most

Recorded contracts, supply positions and partnerships in this market.

PlayerKindHQPositions here
Balfour BeattyCivil contractorUnited Kingdom4
CostainCivil contractorUnited Kingdom3
Siemens MobilityRolling-stock OEMGermany3
SkanskaCivil contractorSweden3
StadlerRolling-stock OEMSwitzerland3
AlstomRolling-stock OEMFrance2
AtkinsRéalisEngineering consultantCanada2
BabcockSignalling & systemsUnited Kingdom2

Where to meet the market

EventKindCityDatesOrganiser
Rail Forum Annual Conference 2026ConferenceDoncaster8 October 2026Rail Forum
TransCityRail South 2026ConferenceLondon15 October 2026TransCityRail
RIA Annual Conference 2026ConferenceLondon4–5 November 2026Railway Industry Association
TransCityRail North 2026ConferenceManchester5 November 2026TransCityRail
Transport Ticketing Global 2027Trade fairLondon16–17 March 2027Clarion Events
Railtex 2027Trade fairBirminghamMay 2027RX (Reed Exhibitions)
Rail LIVE 2027Trade fairLong Marston, Warwickshire16–17 June 2027RAIL magazine (Bauer Media)
Rolling Stock Networking 2027Trade fairDerby8 July 2027Rail Infrastructure Networking Ltd

What changed

From This Week in Rail, newest first.

  • 2026-09-28 — Network Rail tenders its rail haulage requirement, valued at £949.9m.
  • 2026-09-28 — Transpennine Trains awards Alstom the Class 397 train services agreement, by voluntary transparency notice.
  • 2026-09-28 — c2c tenders the replacement of platforms 1 and 2 at Basildon station at £20.0m.
  • 2026-09-28 — Network Rail awards a £70.0m overhead line steelworks contract to a group including Adey Steel and European Active Projects.
  • 2026-09-28 — Network Rail awards its Non Rail Plant Framework to Land Recovery Rail, Pod Trak and Wrights of Crockey Hill.

Withheld in the free surface

  • Procurement routes (4)
  • Notes

Full detail withheld: 2 fields. In the United Kingdom edition · See a fully open example

  • Fare revenue (4)
  • Elizabeth line (4)
  • HS2 opening windows (4)
  • Gbr transition (4)
  • Methodology

Full detail withheld: 5 fields. In the United Kingdom edition · See a fully open example

Sources

  • ● UK Government · Contracts Finder (checked 2026-09-06)
  • ● Department for Transport (GOV.UK) · HS2 Phase 1: decision to continue delivery following programme reset — Accounting Officer Assessment summary (published 2026-05-19 · checked 2026-09-05)
  • ● UK Government · Find a Tender (checked 2026-09-06)
  • ● Network Rail · About us (published 2026 · checked 2026-09-05)
  • ● Office of Rail and Road · Rail infrastructure and assets, April 2024 to March 2025 (published 2025-11-20 · checked 2026-09-05)
  • ● Office of Rail and Road · Periodic review 2023 of Network Rail: final determination (published 2023-10-31 · checked 2026-09-05)
  • ● Office of Rail and Road · ORR says most journeys made on Great Britain's rail network since 1920 (press release) (published 2026-06-18 · checked 2026-09-05)

All players · All events · All programmes

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Compiled by Watchtower to editorial standards the Managing Partner sets and enforces. Public record only — every datum carries its source.