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NCE Live News Updates: Tuesday 29 October: Mega projects move forwards

Mega projects High Speed 2, Thames Tideway Tunnel and ITER fusion reactor have made advances today.

It’s been a busy morning for supporters of mega-projects, with some major announcements around High Speed 2 and the Thames Tideway Tunnel here in Britain, and the ITER fusion reactor in southern France.

  • The government has today revised the benefit to cost ratio of the £42bn High Speed 2 (HS2) rail line up from near break-even to 2.3 to 1.
  • Thames Water has today named the eight contracting joint ventures that will be tendering for the £2.3bn main construction work of the Thames Tideway Tunnel.
  • A Franco-German joint venture has been picked for the biggest civils contract on the pan-nation ITER fusion reactor project in southern France.

11am: Lots of news has broken today. Here are the links you need to find out more:

High Speed 2 benefit to cost ratio doubled:

The government has today revised the benefit to cost ratio of the £42bn High Speed 2 (HS2) rail line up from near break-even to 2.3 to 1.

The revised benefit to cost ratio is contained in the government’s strategic case for HS2, a 156 page report and supporting documents that sets out in great detail the need for a new railway line to provide the vitally needed extra capacity.

Franco-German JV wins big ITER contract:

A Franco-German joint venture has been picked for the biggest civils contract on the pan-nation ITER fusion reactor project in southern France.

Client Fusion for Energy has signed a £500M contract with France’s GDF Suez Group and Germany’s M+W Group.

Thames Tunnel contractors shortlisted:

Thames Water has today named the eight contracting joint ventures that will be tendering for the £2.3bn main construction work of the Thames Tideway Tunnel.

The shortlisted contractors will be bidding for one or more of the three work packages which have been split into geographical sections of west, central, and east. 

 

 

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