Kier wins Crossrail contract

Company News

Kier wins Crossrail contract

Thu, 24 November 2011
Kier wins Crossrail contract
Kier Group Quote more

Price: 1,419.00

Chg: 19.00

Chg %: 1.36%

Date: 08:10

FTSE 250 Quote

Price: 15,573.16 Chg: 129.18 Chg %: 0.84% Date: 08:15

Construction, services and property group Kier said a joint venture between itself, BAM and Ferrovial had been awarded a £200m contract on the Crossrail scheme.

Crossrail is a long awaited project to build a new railway link under central London.

The contract will see Kier and its partners working on Farringdon station, which it said was key to the delivery of Crossrail because it was where the western and eastern running tunnel contracts terminate and where four tunnel boring machines would be retrieved.

Works include the excavation, construction, mechanical, electrical and building fit-out of the western and eastern ticket halls, the enlargement, construction, mechanical, electrical and building fit-out of the twin platform tunnels and associated cross passages.

Works are due to start in January 2012 with completion scheduled for 2018.

"We are delighted to be part of this major scheme and look forward to demonstrating how the combined resources and experience of the three partners will be making a significant contribution towards the successful delivery of this world class project," said Kier chief executive Paul Sheffield.

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