Chiltern Railways is among train interests being put up for sale as PFI specialist undergoes major restructure

PFI specialist John Laing is to sell its train operating interests as part of a restructure of the business.

John Laing’s train operating interests include Chiltern Railways, which lost £2.4m in the six months to June 2006 following the tunnel collapse on a Tesco site at Gerrards Cross.

Adrian Ewer
Ewer: Restructuring will give John Laing flexibility

The firm has appointed KPMG to advise on the sale.

The company is also restructuring to focus more on regional development than is possible in the current sector-led organisation.

It is merging its social infrastructure and infrastructure divisions, which will become a single business operating under the John Laing banner. Responsibility for the business will be split between the business development and operations teams.

The company has appointed Chris Waples, formerly of Amey, to the board in the newly created role of operations director.

Adrian Ewer, chief executive of John Laing, said: “The restructuring will afford us the flexibility to respond to changing global markets and to partner with our clients in the most effective manner through all the phases and over the whole life of each project.”