HS2 costs could hit £66bnThe cost of HS2 could rise to as much as £66bn according to latest estimates presented to the Department for Transport.
The latest budget came as it was confirmed that current HS2 chairman Sir Jon Thompson will step down from his role next Spring after four years on the board.
Latest figures show £32.8bn has been spent on the project so far with the current estimat…
Mace to close construction logistics armMace is closing its construction logistics business.
The operation is part of Mace’s specialist services division and works with main contractors to help deliver major contracts.
A Mace spokesperson said: “Mace Construct has decided to phase out and close its logistics business safe in the knowledge that our long-standing logistics partners w…
National Grid to invest £35bn over next five yearsNational Grid is planning to invest a record £35bn over the five years to 2031 on upgrading and extending the transmission network.
Setting out details of the record investment plan this morning, National Grid will invest over £11bn to maintain and upgrade existing networks, alongside construction works for the first three of its Accelerated…
Profits double at BarhaleBarhale has boosted profits posting a strong set of annual results and an order book topping £1bn.
Latest results for the civil engineering specialist show turnover for the year to June 30 2024 up to £177m from £133m last time as pre-tax profit doubled to £8.4m from £4.2m.
The latest report and accounts from Barhale shows the business continues to build on t…
Balfour wins 68km HV underground power cable dealBalfour Beatty has secured a contract to install 68km of high voltage direct current land cables from Fraisthorpe Sands to Drax in Yorkshire as well as an additional 1km of HVDC land cable at Peterhead in Scotland.
The contract forms part of the 2GW electrical ‘superhighway’ cable link project known as The Eastern Green Link 2.
Main works ar…
Stunning site wrap unveiled on Sloane StreetSpecialist Embrace Building Wraps has unveiled its latest eye-catching site hoarding in central London.
The giant trompe l’oeil printed wrap creates the illusion of a fully formed façade at 30-33 Sloane Street where John F Hunt is on site doing demolition work ahead of Galliford Try starting on a £53m deal for developer Cadogan Estates.
Greg…
Heathrow Airport upgrade spend takes off againHeathrow has set out plans to spend £2.3bn over the next two years on further upgrades to the airport.
The accelerated investment plan will see £1.05bn spent on the airport’s infrastructure in 2025, and an additional £1.29bn invested in 2026 .
The investment will enhance capabilities across all terminals, including baggage delivery and projects…
Government buys back over 36,000 military homesThe government has agreed a deal to bring over 36,000 homes in the Armed Forces estate back into public ownership.
The £6bn repurchase deal from Annington, a property company linked to the billionaire private equity investor Guy Hands, will unlock new-build housing projects for military families plus essential refurbishments.
In 1996, the MoD sold…
Story Contracting staff braced for rail job lossesStaff at Story Contracting are facing an uncertain Christmas with a round of redundancies understood to be underway at the rail division.
The Enquirer understands that jobs are under threat in England following slower than expected workloads coming through from Network Rail under the current five-year Control Period 7 (CP7) investment programm…
Ballymore submits two plans for 3,700 East London homesDeveloper Ballymore has submitted two major hybrid planning applications for riverside sites in east London that would deliver nearly 3,700 new homes.
Proposals for the Thames Road and Knights Road schemes near the Royal Docks have both been submitted as hybrid applications for approval to Newham Council.
It is the second time the plans hav…