AIRPORT OPERATOR BAA has formed a joint venture with the Highways Agency to finance and build a £38M junction improvement on the M11 in Essex.
Officially launched last week by new roads minister David Jamieson, the project is funded 50/50 by the Highways Agency and BAA Stansted.
It will create new sliproads immediately north of Junction 8 on the M11 to carry traffic between London and Stansted airport.
Jamieson described the project as a new type of public private partnership.
At the moment road traffic to Stansted uses the same Junction 8 sliproads as traffic bound for the busy A120 cross country route. As a result severe jams often clog the roundabout above the motorway.
Originally the project was to be let as two separate contracts, with the M11 end of the sliproads and a long span overbridge across the M11 funded by the Agency, and the roads within the airport perimeter paid for by BAA.
Establishing a single joint venture client is expected to help reduce project delivery time by nine months. The client, consultants Hyder Consulting and Gifford, and contractor May Gurney will work under a partnering arrangement. There will be no interfaces between the two parts of the project.
The entire construction team will work from a project office at the airport.
The Highways Agency and Essex County Council will award the contract to upgrade 18km of the A120 between Stansted Airport and the Braintree bypass within the next two weeks, an Agency spokesman has confirmed.