Balfour Beatty VINCI, a long-established joint venture between two global infrastructure leaders, today announces it has received notification from High Speed 2 (HS2) to proceed with its two main civil engineering contracts, worth a combined total of c. GBP 5 billion (USD 6.24 billion).

Following Notice to Proceed, the 50:50 joint venture will commence the full detailed design and construction of both schemes.

HS2 is a planned high-speed railway that will initially link the cities of London and Birmingham, followed by further extension to North West England and Yorkshire. The project is divided in Phase 1, Phase 2a and Phase 2b.

The scope of works comprises extensive earthworks, ground engineering, viaducts and tunnels along a 90 kilometer stretch between the Long Itchington Wood Green tunnel in the south to the West Coast Main Line tie-in near Litchfield in the north with a major junction into central Birmingham at Curzon Street.

Notice to Proceed marks a major milestone in Britain’s largest regeneration project which will create thousands of employment opportunities, dramatically increase rail capacity and support the economic growth of the UK.

Preparatory works are due to start imminently with main construction to commence in earnest in the second quarter of 2021. All sites will be fully compliant with UK Government guidance for safe working practices in relation to social distancing.

The joint venture of Balfour Beatty, VINCI and SYSTRA was awarded the construction management contract for the c. GBP 1 billion (USD 1.25 billion) Old Oak Common station in 2019. Today’s announcement brings the number of packages the company will deliver on behalf of HS2 to three.

Download our free transport sector PPP Market report:

https://www.infrapppworld.com/report/transport-sector-ppp-market-2019

You can also find more free reports here.