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  • You are here:HS2

HS2: Canary Wharf pulls out of £1.6bn Euston station race

Canary Wharf Contractors has pulled out of the running for the £1.65bn contract to redevelop Euston station as part of the HS2 project, Construction News can exclusively reveal.

CN understands Canary Wharf Contractors will no longer pursue its bid for the contract following the award of the Euston master-development contract to Lendlease.

Canary Wharf Contractors’ joint venture with Hong Kong-based MTR Corporation and Laing O’Rourke was invited to tender for the £1.65bn deal in January, along with four other bidders.

Construction News has contacted both MTR and Laing O’Rourke to ascertain whether they will continue to bid for the contract following Canary Wharf’s decision, but no response has been forthcoming.

The other joint ventures bidding for the contract are Bam Nuttall / Ferrovial, Costain / Skanska and Mace / Dragados, with Bechtel bidding alone.

Construction News understands companies can still add firms to their bids, despite having already been invited to tender.

Lendlease has now been chosen as Euston’s master-development partner, which will see the firm oversee the planning and development of the area around the main station site. 

Canary Wharf Group’s joint venture with MTR missed out on the deal – worth up to £40m – alongside Argent.

The winner of the £1.65bn redevelopment contract will deliver 11 new platforms at the London station, which will triple its capacity. 

The project will be delivered in two phases, with stage A commencing in 2019 and expected to cost £850m, while stage B1 will take place between 2026 and 2033 and is set to cost £800m.

HS2 will use a construction partner contract model for the Euston contract.

This will see the client take on the risk and the successful contractors bear responsibility for programme management as well as procuring, integrating and managing the project’s complex supply chains.

The successful firm will work closely with designer Arup, which landed the Euston design deal last month.

Bam Nuttall / Ferrovial, Bechtel and Mace / Dragados are also currently bidding for the £1.3bn Old Oak Common HS2 station contract.

A spokesman for Canary Wharf Contractors said: “We are disappointed by the outcome but respect the decision to go ahead with Lendlease and wish them success in the redevelopment of Euston.

“We look forward to delivering our exciting pipeline of over 11m sq ft of development and regeneration projects in the capital and to the significant benefits they will bring to communities across London.“

HS2 told Construction News it could not comment at this stage.

HS2: Canary Wharf pulls out of £1.6bn Euston station race

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