This week’s Construction, Infrastructure, and Rail news:
Transport for London (TfL) is looking for contractors for a £500m framework as part of a road modernisation programme. They are expected to select three companies to undertake pre-construction and main construction activities as well as diversions and temporary works. The framework duration is four years with the option for TfL to extend for an additional two years.
Newcastle City Council and Newcastle University are teaming up with Legal & General for the £350m Newcastle regeneration project – Newcastle Science Central. It is set to be one of the UK’s biggest urban regeneration projects, creating more than 4,000 jobs, 450 new homes and 500,000 sq ft of office space. Legal & General have invested an initial £65m which will provide more than 200,000 sq ft of the office space. This deal will be the fourth project to be delivered since Legal & General partnered with the Regeneration Investment Organisation (RIO) in January 2015, having invested more than £7bn already.
FirstGroup will be partnering with MTR to complete their bid for the South Western franchise. MTR will be taking a 30% stake and together the partners have promised an ‘innovative and value for money proposal that will deliver better connectivity and significant improvements’. They go up against the present franchisee, Stagecoach with the contract set to begin in June 2017.
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