LONDON (Alliance News) - Balfour Beatty PLC said Tuesday that it has been awarded a GBP70 million contract to complete and fit-out the new Crossrail station at Woolwich.
The international infrastructure group said work in the four year project will include designing, fitting-out and handing over the works associated with the new Woolwich Station together with installing plant and finishing works at the two portals where the Crossrail trains will surface from either end of the Thames Tunnel at North Woolwich and Plumstead.
Work will commence this month and is set to complete in 2018 when Crossrail is due to be fully open for service.
"Our experienced major project team's ability to deliver high profile infrastructure schemes has been recognised with this award of the final Crossrail station package for Europe's largest construction project. Our use of innovative computer-aided Building Information Modelling tools, linked to off-site construction, will reduce the overall works programme compared to traditional construction methods," said Balfour Beatty's UK Construction Chief Executive Officer, Nicholas Pollard.
The contract win extends on Balfour Beatty's existing relationship with Crossrail; it is already a construction partner and is currently delivering a number of projects, including the GBP130 million redevelopment of Abbey Wood station in south east London; the GBP235 million Whitechapel to Liverpool Street tunnels and the GBP110 million station development at Whitechapel in East London.
The Crossrail project is designed to offer quicker, easier and more convenient travel for commuters from Woolwich to destinations across London and the south east, supporting regeneration in the Thames Gateway area and reducing journey times for commuters to locations such as Bond Street, Heathrow and Canary Wharf.
Shares in Balfour Beatty were Tuesday morning trading 0.17% lower at 234.890 pence per share.
By Alice Attwood; aliceattwood@alliancenews.com; @AliceAtAlliance
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Balfour Beatty (BBY)