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Rail, Construction and Infrastructure Update

Rail, Construction, and Infrastructure

This week’s big news for the Rail, Construction, and Infrastructure industry was the Budget 2016. The industry welcomed Chancellor George Osborne’s announcements for new money for Flood Defences, Crossrail 2, High Speed 3 and upgrades to the M62, A66 and A69. He also announced that the government will spend £50m on Norwich’s world-leading centre for food and health research and £5m support to the Shakespeare North project for a new theatre.

Other news this week included Bouygues and Cimolai working on the joint venture for London’s Garden Bridge (inspired by TV’s Joanna Lumley) with hopes to start construction this summer. They are responsible for the design and construction of the bridge as well as planting the trees and shrubbery.

Ballymore has secured funding for the £200m Three Snowhill development, which is reported to become the UK’s largest city centre office scheme outside of London. Haringey Council revealed the list of bidders for the delivery of their £2bn development for new homes and a new town centre. The bidders are: Lend Lease, Places for People, Urban & Civic, Pinnacle with Starwood Capital and Catalyst Capital, Galliford Try with Home Group, Morgan Sindall with Circle Housing and Affinity Sutton. The chosen bidder will start with phase 1, which is to regenerate the Wood Green and Tottenham areas.

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