Crossrail’s Farringdon and Whitechapel main station contracts will be delivered for less than half the anticipated £625M price, it has emerged today.
The two winning consortiums will deliver the stations for a combined £310M.
BBMV, a joint venture of Balfour Beatty, Morgan Sindall and Vinci Construction, will build Whitechapel station for £110M. It was originally expected to cost up to £250M.
A three-way joint venture of Kier, Bam Nuttall and Ferrovial will build Farringdon station for a “£200Mplus” contract on the Crossrail scheme for major works at Farringdon station, a statement from the JV said. It was originally expected to cost up to £375M.
BBMV said it would cut costs on Whitechapel by committing to do the work in-house with subsidiaries of the joint venture partners. Piling will be carried out by Balfour Beatty Ground Engineering and Vinci subsidiary Bachy Soletanche. The M&E work will be installed by Balfour Beatty Engineering Services working with Morgan Sindall Professional Services.