Marconi gives value with deal.
Marconi Corporation's Transportation group - part of Marconi Value Added Value Added
The enhancement a company gives its product or service before offering the product to customers.
This can either increase the products price or value. Services (VAS vas (vas) pl. va´ sa [L.] vessel.va´sal
1. a blind tubule sometimes connected with the epididymis; a vestigial mesonephric tubule.
2. ) - has landed a 13year upgrade and maintenance contract from Tube Lines Tube Lines Limited is a private company, responsible for the maintenance, renewal and upgrade of the infrastructure, including track, trains, signals, civil work and stations, on three London Underground lines. , the company responsible for upgrading and maintaining the infrastructure on the Jubilee, Northern and Piccadilly lines of the London Underground.
Working in partnership with Amey Infrastructure Services, a division of Amey, Marconi will be responsible for upgrading and maintaining the communications infrastructure on the Jubilee, Northern and Piccadilly Lines. The two companies will share the revenue.
The contract includes the station communications and supervisory control and dataacquisition public address system as well as CCTV CCTV
CCTV closed-circuit television and security systems, customer help points and visualinformation displays.
Marconi will also provide Tube Lines with the software for a central management system, which will monitor other station assets such as lifts and ventilation systems.
'This agreement with Marconi represents yet another step in our massive programme of investment to rebuild and modernise the Jubilee, Northern and Piccadilly lines,' said Terry Morgan, chief executive of Tube Lines.
'This investment will provide London Underground with the capability to communicate directly to passengers with up-to-the-minute, accurate information. Today's agreement reflects a joint commitment between Tube Lines and Marconi over the next 13 years.'
Steve Harris, managing director of Marconi Transportation, added: 'The big drive from government is to make transportation investment more effective.
'Our Asset and Whole Life Management Systems are leading the way in achieving this.
'They will enable Tube Lines to get more out of their assets, boost performance and enable infrastructure spending and maintenance to be more focused than ever before.'
Marconi's shares closed at 576p up 4 3 /4p.