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- Key figures and the pipeline come first; the tabs open the full tables of buyers, players and tenders.
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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
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Key figures
1 source · primary
- ● Office of Rail and Road · Periodic review 2023 of Network Rail: final determination (published 2023-10-31 · checked 2026-09-05)
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)
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)
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.
- Governments and funders
- Regulator
- Infrastructure and new lines
- Operators
- Urban and devolved authorities
- 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
| Nation | Coverage |
|---|---|
| England | 10 buyers · 12 tenders |
| Scotland | 4 buyers · 5 tenders |
| Wales | 2 buyers · 3 tenders |
| Northern Ireland | 2 buyers · 4 tenders |
Most active buyers
| Buyer | Type | Nation | Tenders | Contracts awarded |
|---|---|---|---|---|
| Network Rail Infrastructure Ltd | Infrastructure manager | England | 3 | 17 |
| High Speed Two (HS2) Limited | High-speed rail SPV | England | 1 | 8 |
| Translink (Northern Ireland Transport Holding Company / NI Railways) | National operator | Northern Ireland | 4 | 4 |
| Transport for London | Transit authority | England | 2 | 2 |
| Strathclyde Partnership for Transport | Transit authority | Scotland | 1 | 2 |
| Transport for Wales (Trafnidiaeth Cymru) | Transit authority | Wales | 2 | 1 |
| Cardiff Council | Development authority | Wales | 1 | 1 |
| Network Rail — Scotland's Railway | Infrastructure manager | Scotland | 2 | 0 |
Market-wide buyers
Bodies that act across the whole market rather than in one nation.
| Buyer | Type | Detail |
|---|---|---|
| Chiltern Rail Limited | National operator | public-sector train operating company, subsidiary of DfT Operator Limited |
| DfT Operator Limited | National operator | public-sector operator holding company (precursor to GBR) |
| Office of Rail and Road | Regulator / standards | independent regulator — economic (Network Rail, HS1) and safety (all GB rail) |
| Thameslink Southern Great Northern Limited | National operator | public-sector train operating company, subsidiary of DfT Operator Limited |
| West Yorkshire Combined Authority | Transit authority | mayoral combined authority; sponsor of the West Yorkshire Mass Transit tram programme |
Live tenders
| Tender | Buyer | Status | Value band | Next key date |
|---|---|---|---|---|
| Aggregate supply and track-waste framework | Network Rail | Open | over $1bn | Published September 2026 |
| Rail haulage and possession-hours operation framework | Network Rail | Open | over $1bn | Published September 2026 |
| FW127 Infrastructure Services framework permanent way civil | Translink | Open | $100–500m | Closes October 2026 |
| PS0022 Class 158 Class 170 spares consumables | EMR | Open | $25–100m | Closes October 2026 |
| Elizabeth line tunnel ventilation maintenance | TfL | Open | $5–25m | |
| Track renewals Derry–Belfast Dublin Shared Island Fund | Translink | Pre-bid | $100–500m | Published June 2026 |
| Class 397 CAF Civity heavy maintenance overhaul | TPE | Pre-bid | $5–25m | Published September 2026 |
| Class 730 cascade stabling overnight servicing 5-car | WMT | Pre-bid | $5–25m | Published May 2026 |
| Rolling-stock component supply spares framework | WMT | Pre-bid | $5–25m | Published May 2026 |
Recently awarded
| Tender | Buyer | Status | Value band | Next key date |
|---|---|---|---|---|
| Enterprise fleet Stadler FLIRT tri-mode Belfast–Dublin | Translink | Awarded | $500m–1bn | Awarded May 2026 |
| North Acton–Hanger Lane stabilisation Central line | TfL | Awarded | £20–25m | Awarded May 2026 |
Who holds the most
Recorded contracts, supply positions and partnerships in this market.
| Player | Kind | HQ | Positions here |
|---|---|---|---|
| Balfour Beatty | Civil contractor | United Kingdom | 4 |
| Costain | Civil contractor | United Kingdom | 3 |
| Siemens Mobility | Rolling-stock OEM | Germany | 3 |
| Skanska | Civil contractor | Sweden | 3 |
| Stadler | Rolling-stock OEM | Switzerland | 3 |
| Alstom | Rolling-stock OEM | France | 2 |
| AtkinsRéalis | Engineering consultant | Canada | 2 |
| Babcock | Signalling & systems | United Kingdom | 2 |
Where to meet the market
| Event | Kind | City | Dates | Organiser |
|---|---|---|---|---|
| Rail Forum Annual Conference 2026 | Conference | Doncaster | 8 October 2026 | Rail Forum |
| TransCityRail South 2026 | Conference | London | 15 October 2026 | TransCityRail |
| RIA Annual Conference 2026 | Conference | London | 4–5 November 2026 | Railway Industry Association |
| TransCityRail North 2026 | Conference | Manchester | 5 November 2026 | TransCityRail |
| Transport Ticketing Global 2027 | Trade fair | London | 16–17 March 2027 | Clarion Events |
| Railtex 2027 | Trade fair | Birmingham | May 2027 | RX (Reed Exhibitions) |
| Rail LIVE 2027 | Trade fair | Long Marston, Warwickshire | 16–17 June 2027 | RAIL magazine (Bauer Media) |
| Rolling Stock Networking 2027 | Trade fair | Derby | 8 July 2027 | Rail 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.