Contracting joint venture Costain and Skanska have been confirmed as winners for the Crossrail Paddington station reducing the price by £100M down to £150M.
The project is the first station contract to be awarded as part of the £14.8bn Crossrail programme. Costain/Skanska had been revealed as the winners of the contract, originally estimated to cost £250M.
The Crossrail Paddington Station is one of seven new underground stations to be constructed.
It will be a key interchange with the existing Network Rail services at the Paddington Mainline station and with London Underground.
The new Crossrail station in Paddington has been designed to maximise the station’s space while preserving the historic features of the main line station.
The new station will take the form of a 260m long, 25m wide and 23m deep underground box located directly under Departures Road and Eastbourne Terrace.
Construction will commence this year.
“We are delighted to have secured our fourth Crossrail contract, reflecting our ability to consistently deliver valuable solutions in the rail sector utilising our broad range of capabilities and depth of expertise,” said Costain chief executive Andrew Wyllie.
“We look forward to working with Crossrail to deliver this landmark station and to playing our part in enhancing London’s transport infrastructure.”