Likely the end of a rerailing site. Both rails having been renewed in one direction only. Rails may have been temporary clamped at first, due to insufficient time during the occupation to weld them. Hence the track circuit bonding pins. Then at a later date, both rails were welded. Hence the track circuit cables were no longer required.
Alternatively, there used to be an insulated rail joint (IRJ) here. But due to signalling alterations, the IRJs were no longer required. Hence the redundant track circuit bonding pins. After the removal of the plates and insulations for the IRJs, the rails were welded together.
Since then, both welds have failed an inspection. Hence both have been temporary clamped again. Painted white so that they stand out for reasons given earlier. This temporary clamped arrangement may stay in place for years.
The welds may have been done in a rush, hence why they have failed an inspection.