The total cost of the constructing the Aberdeen Western Peripheral Route (AWPR) has raised up to £1 billion, according to local sources.
The bypass is being built under a £745 million fixed price contract but different problems had resulted in additional costs that “run into hundreds of millions”. Problems were linked to the poor weather which has hindered construction work, as well as delays from diverting essential utility services. These had contributed to the construction firm Carillion – which had also been involved in the AWPR project – becoming insolvent.
Balfour Beatty and Galliford Try are now in talks with Transport Scotland in a bid to see if they can claw back extra public funds.
Work on the 36-mile road had been due to be completed in the spring of this year, after it was hit by delays. But further problems have seen the opening date pushed back, with contractors now hoping the final section of the roadway could be open before Christmas.
Birmingham City Council has disclosed that, since being ordered in June 2018, Amey has refused to pay the approximately GBP55 million (US$70.4 million) + interest that it owes to the council, reg...
Read moreProposals for a new crossing of the Thames to ease pressure on the existing Dartford Crossing have been updated. Highways England says the whole of the route will now have three lanes in each directi...
Read moreInternational Public Partnerships Limited, the listed infrastructure investment company ('INPP) has successfully completed a refinancing of the senior debt in the Durham Building Schools for the F...
Read moreA consortium comprising Dalmore Capital, Equitix Investment Management, Japan Infrastructure Initiative (JII) and Rock Rail has signed agreements to acquire a 30% stake in Agility Trains West (ATW) fr...
Read morePensions Infrastructure Platform (PiP), the specialist infrastructure investment manager established to facilitate long term investment into UK infrastructure by pension schemes, has announced it has...
Read more