VINCI, Balfour Beatty win £235m Crossrail contract

The contract awards construction rights for the Whitechapel and Liverpool Street station tunnels that form a part of the London Crossrail scheme.

A consortium led by French construction group VINCI and UK-based developer Balfour Beatty has won a £235 million (€282.5 million; $366 million) contract to build two station tunnels as part of the £16 billion London Crossrail project.

The consortium will be responsible for the construction of Liverpool Street and Whitechapel station tunnels and platforms as well as associated works.  According to a statement, VINCI has a 36.7 percent stake in the project, and Balfour Beatty said that its share in the venture was about 30 percent.

The consortium also includes AlpineBeMoTunneling and UK developer Morgan Sindall.

Construction will begin next month and will take about five years, according to a statement from VINCI. 

The Crossrail project is Europe’s largest infrastructure project and will increase London's rail capacity by 10 percent, according to the project website. 

Last month, Crossrail announced its intention to award £1.25 billion worth of tunnel contracts, according to the project website.