Costain snags Bond St deal with Skanska

A JOINT venture between engineers Costain and Skanska has bagged a construction contract worth £110m to help Bond Street station cope with the 70,000 extra passengers a day it is expected to see once the Crossrail line is completed.

The project will include building two new ticket halls at the popular West End shopping hub, as well as providing step-free access to both Underground and Crossrail platforms.

Around 155,000 people travel through Bond Street every day, with traffic expected to rise to more than 220,000 once Crossrail is running.

The Costain and Skanska joint venture was awarded the initial construction contract for the West End Crossrail station in 2011.

Since 2010, the joint venture has won seven Crossrail contracts, including working on Paddington Station, work around Eleanor Street and Mile End shafts in east London and the Pudding Mill Lane portal in the Docklands.

Work on the Bond Street station improvements will start this month and is expected to complete in February 2017, ahead of Crossrail’s opening the following year.

“This contract further contributes to the strength of our order book, which comprises approximately 90 per cent repeat business,” Andrew Wyllie, chief executive of Costain said yesterday.

Crossrail, which was finally approved in 2007, will link Maidenhead and Heathrow to the west of London, to Shenfield and Abbey Wood to the east, using 21km of new tunnels under central London.

Shares in London-listed Costain closed up 3.42 per cent yesterday at 272p.