HS2 is to revise its strategy for procuding the overhead catenary system for the whole of its Phase 1 and Phase 2a routes after a lack of bidder interest.
It announced through the Official Journal of the European Union (OJEU) that it will hold an industry day on 3 September to “re-engage” with contractors after a lack of interest in the contract.
The notice said: “HS2 have recognised the current market conditions are challenging and the increasing concern regarding risk transfer and have therefore revised our position to provide a better balance and overall outcome. The industry day will provide an opportunity to re-engage with the market and outline our revised strategy which we believe will attract a larger number of bidders, reduce risk and thereby produce a more competitive process.”
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