TfL to award £1bn Silvertown Tunnel after legal challenge lifted
Transport for London (TfL) is preparing to award the £1bn contract for the construction of the Silvertown Tunnel under the Thames in east London after legal action blocking the process was lifted.
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.
A TfL spokesperson said: “We are pleased that STC has consented to TfL’s application to court to lift the automatic suspension on award of the Silvertown Tunnel contract.
“We will now progress the arrangements for award of the contract to the Riverlinx consortium as soon as possible.
“Once open, a new twin-bore tunnel, located within the extended Ultra-Low Emissions Zone, will remove barriers for people in east London needing to cross the river for work or leisure, enable the introduction of new bus services and improve the reliability and resilience of the local road network.”