Balfour Beatty VINCI joint venture to be awarded HS2 contracts valued at c. £2.5 billion
Balfour Beatty, the international infrastructure group, has today published its ‘Staying on Track’ paper. This lays out the Group’s view that new funding models are essential to provide the UK’s rail industry with continuity of project flow, in order to support growth in innovation and skills.
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 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.
Media enquiries to:
Notes to editors:
- Balfour Beatty VINCI represents a powerhouse for critical infrastructure across Rail, transport and other iconic projects in the UK and beyond.
- Balfour Beatty VINCI’s involvement in groundbreaking Design Build Finance and Operation (DBFO) projects offers a unique end-to-end asset knowledge that is crucial in developing the best solutions to the infrastructure needs of the UK. Balfour Beatty and VINCI started working together over 30 years ago when both were members of the TransManche Link consortium which delivered the Channel Tunnel.
- Balfour Beatty VINCI has successfully bid and delivered a number of key projects including Crossrail and the M4, M5, M6 smart motorway programme.
- As leading infrastructure groups, both Balfour Beatty and VINCI Construction offer opportunities for trainees, apprentices, placement students and graduates as well as sponsored degree opportunities