Transport for London (TfL) is preparing to award the £1bn contract for the construction of the Silvertown Tunnel under the Thames in east London after legal action blocking the process was lifted.
Riverlinx, a consortium made up of BAM’s public private partnerships arm BAM PPP PGGM, Aberdeen Standard Investments, Cintra, Macquarie Capital and SK Engineering & Construction, was named as preferred bidder to design, build finance and maintain the tunnel in May this year.
But in August TfL suspended the scheme after reserve bidder, the Silver Thames Connect (STC) consortium involving Hochtief, Dragodas and Iridium Concesiones de Infrastructuras started court proceedings.
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