Balfour Beatty VINCI JV to be awarded £2.5 billion HS2 rail contracts
Balfour Beatty VINCI, a long established joint venture between two global infrastructure leaders recognized for its portfolio of large-scale projects, today announces its notification of intent to be awarded two contracts by High Speed 2 (HS2), worth a combined total of c. £2.5 billion.
The two contracts have been awarded to Balfour Beatty’s 50:50 joint venture with VINCI. Balfour Beatty VINCI will deliver Lot N1, valued at c. £1.32 billion, and Lot N2, valued at c. £1.15 billion, between the Long Itchington Wood Green tunnel to the Delta Junction / Birmingham Spur and from the Delta Junction to the West Coast Main Line tie-in respectively, in a two-part design and build contract.
The contract awards reflect the innovative and collaborative nature of the joint venture. Balfour Beatty’s in-depth knowledge and expertise of British transport will be applied and complemented with the capabilities of VINCI’s High Speed Tours-Bordeaux project in France. Collaborating in this way, the joint venture will deliver one of Britain’s largest infrastructure projects in decades, creating thousands of jobs and supporting the economic growth of the country.
Mark Cutler, Balfour Beatty VINCI Managing Director for HS2, said: “I am proud that our long-standing joint venture has been chosen to deliver these two integral sections of HS2. This iconic rail infrastructure project will create significant opportunities for the UK construction industry and will drive growth in skills, jobs and prosperity. We look forward to building on our successful track record delivering high profile projects, and help to engineer Britain’s second great railway age”.
Main construction work is scheduled to start in 2018/19, following a period of detailed design work.