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23/03/2015
Costain/Vinci Scoop M4 Newport Upgrade
Costain and Vinci have joined forces to scoop a deal to deliver the M4 Corridor upgrade around Newport.
Costain has managed to secure a 50% stake in a three-way joint venture with Vinci Construction Grands Projects and Taylor Woodrow.
The partners were ahead of an international line-up of bidders teamed for the £750m project.
Bidders included Bouygues/Alun Griffiths/Roadbridge; Ferrovial/Dawnus; FCC/Sir Robert McAlpine/Morgan Sindall; and a Balfour/Carillion joint venture.
The development will involve 24km of new motorway and a 2.5km long cable-stayed viaduct crossing of the River Usk built, along with a remodelling of M4 junctions 23 and 29.
Scheme development work is due to commence immediately, with a Public Local Inquiry expected for winter 2016/7.The second stage of the ECI work could start in spring 2018.
Andrew Wyllie, Chief Executive of Costain, said: "We are delighted to be developing this critical infrastructure scheme for the Welsh Government. This award is further demonstration of the importance to Costain of long-term strategic partnerships with our Customers, and our ability to deliver integrated consulting and project delivery services."
The project is expected to completed by 2022.
(IT/MH)
Costain has managed to secure a 50% stake in a three-way joint venture with Vinci Construction Grands Projects and Taylor Woodrow.
The partners were ahead of an international line-up of bidders teamed for the £750m project.
Bidders included Bouygues/Alun Griffiths/Roadbridge; Ferrovial/Dawnus; FCC/Sir Robert McAlpine/Morgan Sindall; and a Balfour/Carillion joint venture.
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The development will involve 24km of new motorway and a 2.5km long cable-stayed viaduct crossing of the River Usk built, along with a remodelling of M4 junctions 23 and 29.
Scheme development work is due to commence immediately, with a Public Local Inquiry expected for winter 2016/7.The second stage of the ECI work could start in spring 2018.
Andrew Wyllie, Chief Executive of Costain, said: "We are delighted to be developing this critical infrastructure scheme for the Welsh Government. This award is further demonstration of the importance to Costain of long-term strategic partnerships with our Customers, and our ability to deliver integrated consulting and project delivery services."
The project is expected to completed by 2022.
(IT/MH)
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