Colas wins London road deal

A British-based subsidiary of Parisian firm Colas has won a £420m contract to upgrade and maintain roads, pavements, traffic signs, street lighting and road markings among others in central London. The contract, awarded by Transport for London, is for eight years and will start on 1 April. Colas is working with a consortium alongside Volker Highways and URS-Scott Wilson, of which Colas has a 40 per cent stake.