HS2 routes confirmed to Manchester and Leeds

17 July, 2017, 21:43 | Author: Leticia Walters
  • Numis Securities Ltd Reaffirms Under Review Rating for Carillion plc (CLLN)

A TOTAL of £6.6billion worth of contracts for building the first stage of the high speed rail line between London and Birmingham is being awarded by the Department for Transport today.

Carillion plc (LON:CLLN) has won contracts to build the UK's HS2 rail line as the struggling construction company announced the appointment of accounting firm EY to support its efforts to avoid collapse.

Delta Junction to WCML Tie-In - BBV JV (Balfour Beatty Group Ltd, VINCI Construction Grands Projets, VINCI Construction UK Ltd, VINCI Construction Terrassement). Grayling said in his statement that the civil works are expected to support 16,000 jobs and generate 7,000 contract opportunities, of which around 60% were expected to go to SMEs.

HS2 chief executive Mark Thurston said: "Today's announcements are a major milestone for the project - setting the scene for the next stage of the station design process".

"HS2 was always created to be much more than just a high speed railway and today we can see the opportunities it brings right around the country - spreading prosperity, acting as a catalyst for investment and rebalancing our economy 10 years before the railway even opens".

The latest announcements come after business leaders met in Leeds this month and were told Yorkshire must make its voice heard, in order to guarantee the rail line is built in the region. The victor will advise on, and later take forward, mixed-use development opportunities, including new homes, offices and retail space above and around the revamped London Euston.

The Government has claimed HS2 "could double the number of rush hour seats" available on busy services in the North.

In February, Parliament granted powers to construct Phase 1 from London Euston to Birmingham, with the route opening in 2026. A further 3,000 people will operate HS2 network, and it is estimated that growth around new HS2 stations will create another 100,000 jobs.

Preparatory work has begun and major construction projects are due to launch in 2018/19.

"We are looking for partners to help us deliver stations which not only provide unparalleled levels of accessibility, ease and convenience for our passengers, but who will work with local communities to ensure we also help unlock wider regeneration, new jobs, homes and opportunities".

MPs have already passed the law paving the way for phase one of the HS2 project from London to Birmingham and Mr Grayling will soon publish a bill to deliver the next phase from the Midlands to Crewe. This will cut journey times to London from the north of England and Scotland in 2027, six years earlier than planned.

The government has revealed details of the Phase One contracts for High Speed Rail 2 (HS2) and confirmed plans for the line to be extended to the north-west, East Midlands and Yorkshire. This includes working with HS2 Ltd, Network Rail, the station design contract victor and local authorities to deliver a unified masterplan to unlock the full potential of the area.

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