A BAM-led consortium has signed a £1bn contract with Transport for London (TfL) for the construction of the Silvertown Tunnel under the Thames in east London, with construction due to start next year.
Riverlinx, a consortium made up of BAM’s public private partnerships arm BAM PPP PGGM, Aberdeen Standard Investments, Cintra, Macquarie Capital and SK Engineering & Construction, was named as preferred bidder to design, build finance and maintain the tunnel in May this year.
But in August TfL suspended the scheme after reserve bidder, the Silver Thames Connect (STC) consortium involving Hochtief, Dragodas and Iridium Concesiones de Infrastructuras started court proceedings.
In October, the legal action blocking the award of the contract was lifted.
The new twin tunnel will stretch for 1.4km linking the Greenwich Peninsula and Silvertown. Most of the construction material will be transported by river and all onsite construction machinery will have to meet the mayor of London’s Non-Road Mobile Machinery Low Emission Zone Standards.
Completion is due for 2025.
