Old Oak Common Station
Project Overview
28 November 2023
Leo Quinn
Group Chief Executive
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Balfour Beatty and HS2
HS2
- High-speedrailway between Birmingham and London, with a Phase 1 budget of £44.6 billion (2019 prices)
- Balfour Beatty is in joint ventures delivering two parts:
- Area North - the largest section of HS2's route
- Old Oak Common Station
Area North - BBV joint venture
- Added to order book at £3 billion (50% share) in 2020
• Target cost contract
- No material change to order book following recent cancellations
Balfour Beatty is delivering critical elements of HS2 Phase 1
Major infrastructure delivery: Marston box bridge slide
https://www.youtube.com/watch?v=DxGd83rzcts
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Major infrastructure delivery
M42 bridge demolition | Cubbington cutting earthworks | Deck span for Curzon St viaduct | Bromford tunnelling |
Breadth of capabilities creates competitive advantage
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Further HS2 work to be awarded
Joint venture established for HS2 opportunities
- Balfour Beatty, alongside JV partners ETF (VINCI owned) and TSO, are shortlisted for four remaining contracts. Balfour Beatty holds a 50% share of the joint venture
- The contracts are:
- Overhead catenary system: £302 million*
- Track installation - Lot 1 Urban: £434 million*
- Track installation - Lot 2 Central: £526 million*
- Track installation - Lot 3 North: £566 million*
- Final bids were submitted in November 2023
- Contracts are expected to be awarded in 2024, with delivery running through the second half of this decade
*Figures are provided to give an idea of scale and match those provided by HS2's contract notices from 2020
• Works - 309373-2020- TED Tenders Electronic Daily (europa.eu).
• Works - 209541-2020- TED Tenders Electronic Daily (europa.eu)
Targeting further HS2 contracts in 2024
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Potential opportunities following HS2 cancellations
Government plan for 'Transforming British transport'
- Alongside the cancellation of HS2 Phase 2a, the Government committed to spending:
- £36 billion on rail, road and bus improvements
- £12 billion to deliver fast links between Liverpool and Manchester
- This provides additional funding for the road and rail sectors which Balfour Beatty operate in
- Network North includes a mix of new schemes and those previously planned for delivery through:
- The third Road Investment Strategy (RIS 3)
- Network Rail's Control Period 7 (CP7)
Source:https://www.gov.uk/government/news/find-out-about-every-new-transport-project-in-your-region
Funding pledged for a wide range of transport projects
Old Oak Common Station
Nigel Russell & Brendan Seymour
How we are building Old Oak Common Station
https://www.youtube.com/watch?v=EUXzvmn1cy4
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Health and Safety Performance Indicators
HSPI Target
Overview of the Health and Safety Performance Indicators used across HS2 https://safety.hs2.org.uk/how-were-performing/
Focused on consistently performing ahead of target
Attachments
- Original Link
- Original Document
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Disclaimer
Balfour Beatty plc published this content on 27 November 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 November 2023 14:16:14 UTC.