Crossrail boss refuses to give railway opening date but ‘very much wants’ 2020 launch March 6, 2019 Crossrail's new chief executive has refused to confirm any date for when the railway will open, saying only that the company "very, very much wants to get this done in 2020". Addressing Westminster's Public Accounts Committee (PAC) today, Mark Wild said Crossrail's next update, due in April, would provide a "window" of opening dates rather [...]
Looking for space for homes in the capital? Build over rail lines March 4, 2019 A new survey of housebuilders published last week by construction consulting and design agency McBains is depressing reading for Londoners looking to get a foot on the housing ladder. Although two thirds of housebuilders in London reported that they had built more homes over the last 12 months, those that stated a decrease cited a [...]
HS2 hit with legal claim from American engineering giant Bechtel over Old Oak Common contract March 3, 2019 HS2 has been hit with a legal claim by American engineering giant Bechtel after it failed to secure a £1bn contract to build Old Oak Common station. Last year Bechtel signed a £170m contract to deliver phase 2b of the railway, which will stretch from Crewe to Manchester, and the West Midlands to Leeds. The [...]
Crossrail: Bond Street station work ‘could slip beyond 2019’ February 28, 2019 Completion of Crossrail's Bond Street station could slip to "late 2019 or even beyond", Transport for London (TfL) has admitted. New TfL papers reveal that none of the Crossrail stations are fully complete and that Bond Street, regarded as one of the more complex stations to fit out, would either be finished at the end of [...]
Crossrail 2 set to cost taxpayers £41.3bn, reveals London mayor February 27, 2019 Crossrail 2 is set to cost over £40bn, the Mayor of London has revealed in a budget document published earlier this week. The £41.3bn estimate for the proposed north to south London line is higher than the Greater London Authority's widely cited £30bn budget, which is based on 2014 prices. Read more: Crossrail 2 boss says [...]
Government told to publish Govia’s profit cap amid concerns over taxpayers’ money February 26, 2019 The public spending watchdog has urged the government to publish details of Govia's profit cap, citing fears taxpayers' money is not being "adequately protected" after last year's rail chaos. The Public Accounts Committee (PAC), chaired by MP Meg Hillier, said there was a lack of transparency around the profit rate that Govia earns from its [...]
Crossrail bosses hope to give estimate for new opening date ‘by April’ February 25, 2019 London mayor Sadiq Khan has said there is no date that Crossrail chief executive Mark Wild can give "with confidence" for when the delayed railway will open, but that he hopes to give an estimate by the end of this financial quarter. The £17.6bn Elizabeth Line, which will stretch from Shenfield in the east to Reading in the [...]
Greystar and Henderson Park snap up Telford build-to-rent site for £105m February 19, 2019 London housebuilder Telford Homes revealed this morning that it has sold one of its largest build-to-rent development sites for more than £100m. US developer Greystar and European real estate investment platform Henderson Park have snapped up the Equipment Works scheme in Walthamstow, which comprises more than 250 rental homes, for £105.5m in their latest bid to [...]
Telford Homes to develop £160m Stratford project February 11, 2019 London developer Telford Homes has ramped up its investment in East London this morning after announcing plans for a £160m housing site in Stratford. The housebuilder, which specialises in non-prime London property, has snapped up the 1.2 acre development for £20m as it looks to tap into recent regeneration following the arrival of Westfield shopping [...]
HS2 station contracts worth £2.56bn awarded to Mace, Balfour Beatty and Vinci February 6, 2019 HS2 has tasked construction firms Mace, Balfour Beatty and Vinci with building the project’s London terminus and west London super-hub at Old Oak Common, in deals worth £2.56bn. Mace and joint venture partner construction firm Dragados will take on the work at Euston, worth £1.65bn, in an award which will come as a blow to [...]