1540 Hrs GMT London Thursday 19 February 2009
KHOODEELAAR! TOLD YOU SO! Bechtel DOES get the control over 'Crossrail'!
http://www.cnplus.co.uk/regions/london/news/2009/02/us_firms_swoop_on_crossrail_jobs.html
US firms swoop on Crossrail jobs
Published: 19 February 2009 09:40 Author: Andrea Klettner More by this AuthorLast Updated: 19 February 2009 09:50
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Bids from two American firms have emerged as the favourites to oversee work on Crossrail and its central tunnelling section.
Sources close to the project said that Bechtel and Legacy 3 – a joint venture between Parsons Brinckerhoff, Balfour Beatty and Davis Langdon – are set to take the programme and project delivery partner roles.
Construction News understands that initially Bechtel was chosen as the winner for both jobs, but that Crossrail wants two separate firms in the roles.
At last week's Transport for London board meeting, Crossrail executive chairman Doug Oakervee said no decisions had been made on who would win which job.
But a source close to the project said: "Bechtel are favourites to win the project delivery partner role. They have more experience than any of the Legacy 3 partners in delivering major projects, having delivered the Channel Tunnel Rail Link."
A final decision is expected in March. The £100 million programme partner role will work alongside Crossrail to manage the overall project and all parties involved.
Stage two tenders were returned in December 2008 by three bidders Bechtel, Legacy 3 and Transcend.
Transcend, a joint venture between Aecom, CH2M Hill and Nichols Group, is tipped to have lost out.
The £400 million contract for the project delivery partner role will oversee work on the 21 km of twin-bored tunnels that will run from Paddington in the west through to Stratford and
Custom House in the east.
Missing out on the work is an all-British bid of Laing O'Rourke and Atkins, as well as a joint venture between Capita Symonds and Northcroft.
The winner will look after three sections of tunnelling work, including the part of the tunnel under the River Thames.
Most boring will occur in London clay, from where tunnelling begins just west of Paddington.
After that digging will take place through a combination of clay, Lambeth beds and Thanet sands, finally hitting chalk under the river.
In east London the tunnel branches into two, with the northern branch of Crossrail emerging at Pudding Mill Lane, just before Stratford.
The southern branch emerges above ground between the Victoria Dock Portal and the North Woolwich Portal, just after Custom House station on the Docklands Light Railway. It goes underground again to run beneath the Thames and emerges for the last time at the Plumstead Portal before terminating at Abbey Wood.
Tunnel driving will start both from the west of Paddington station at the Royal Oak Portal, and from the east from both northern and southern branches. The central TBMs will meet at Farringdon station.
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Thursday, February 19, 2009
KHOODEELAAR! evidential note on the UK 'National Statistics office' figures on Public debt soaring beyond £Billions into £Trillions...
1415 Hrs GMT London Thursday 19 February 2009
KHOODEELAAR! evidential note on the UK 'National Statistics office' figures on Public debt soaring beyond £Billions into £Trillions...
http://www.citywire.co.uk/personal/-/news/money-property-and-tax/content.aspx?ID=330013
Public debt climbs to 47.8% as recession hits exchequer
By Tony Bonsignore | 12:49:08 | 19 February 2009
The forced taxpayer investment into Royal Bank of Scotland and Lloyds could add a further £1-1.5 trillion to the public debt - equivalent to 70%-100% of GDP, the Office for National Statistics said today.
The warning came at the same time as new figures showed a further deterioration in the state of public sector finances, with the monthly public sector net borrowing surplus standing at £3.3 billion in January - down from £13.9 billion in the same month last year.
Public sector net debt in the ten months to the end of January now totals £703 billion, compared to just £608 billion in the same period the previous year.
This latest figure is equivalent to 47.8% of GDP - way above the government’s previous self-imposed ceiling of 40%.
Including the RBS/ Lloyds liability, however, this percentage could swell to closer to 150% over the next few years.
Public sector net borrowing (PSNB) in the current financial year now totals some £67.2 billion, against the government forecast of £78 billion for the whole fiscal year. Capital Economics now predicts the government could exceed this target by up to £20 billion.
And the PSNB next year could soar to £200 billion, it warns.
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KHOODEELAAR! evidential note on the UK 'National Statistics office' figures on Public debt soaring beyond £Billions into £Trillions...
http://www.citywire.co.uk/personal/-/news/money-property-and-tax/content.aspx?ID=330013
Public debt climbs to 47.8% as recession hits exchequer
By Tony Bonsignore | 12:49:08 | 19 February 2009
The forced taxpayer investment into Royal Bank of Scotland and Lloyds could add a further £1-1.5 trillion to the public debt - equivalent to 70%-100% of GDP, the Office for National Statistics said today.
The warning came at the same time as new figures showed a further deterioration in the state of public sector finances, with the monthly public sector net borrowing surplus standing at £3.3 billion in January - down from £13.9 billion in the same month last year.
Public sector net debt in the ten months to the end of January now totals £703 billion, compared to just £608 billion in the same period the previous year.
This latest figure is equivalent to 47.8% of GDP - way above the government’s previous self-imposed ceiling of 40%.
Including the RBS/ Lloyds liability, however, this percentage could swell to closer to 150% over the next few years.
Public sector net borrowing (PSNB) in the current financial year now totals some £67.2 billion, against the government forecast of £78 billion for the whole fiscal year. Capital Economics now predicts the government could exceed this target by up to £20 billion.
And the PSNB next year could soar to £200 billion, it warns.
Was this of interest?
Get the Citywire daily email news round up - Click here to register.
Send this to a friend
More by Tony Bonsignore
Any thoughts? Make a comment below
Total pages: 1