Tideway, the company responsible for construction of the Thames Tideway Tunnel, has revised its estimate of overall costs based on work left to do –with five years left to go, the revised estimate is now £3.8 billion compared to £3.52 billion.
Barhale has been awarded the main £9 million civil engineering subcontract on the Thames Tideway Tunnel sewer project by the BAM Nuttall-Morgan Sindall-Balfour Beatty joint venture.
This month Bazalgette Finance plc has issued £175 million of index-linked green bonds – to design, build, commission, and maintain the Thames Tideway Tunnel (TTT) in London.
Construction and infrastructure company Morgan Sindall has contributed to a strong performance by the Morgan Sindall Group plc, according to its preliminary results for the year ended 31 December 2017, released today.
Tideway, the organisation building London’s new super sewer, has taken delivery of the first of six giant tunnel boring machines(TBMs).
Bazalgette Finance plc has announced that Bazalgette Tunnel Ltd, the company responsible for the construction of the Thames Tideway Tunnel, has signed an agreement with four institutional investors from the US for the placement of £300 million notes with maturity date 2032.
Water industry regulator Ofwat has issued a third waiver notice to Bazalgette Tunnel Ltd, the company delivering the £4.2bn Thames Tideway Tunnel , related to two separate software contracts on the grounds that going out to competitive tender would not have represented value for money.
Tideway, the new company established to construct the Thames Tideway Tunnel in London, has announced a bond issue totalling £100 million to help fund construction of the £4.2 billion supersewer.
Bazalgette Tunnel Ltd, trading as Tideway, the licensed Infrastructure Provider set up to finance, build, maintain and operate the Thames Tideway Tunnel, has gone out to tender with a Framework Agreement for IS Professional Services worth an estimated £6.7 million.
A vote to leave the European Union would result in the UK giving up billions of pounds of infrastructure investment every year, the Prime Minister warned on Saturday – an outcome which has significant implications for the UK water sector.