This week’s numerical highlights include Balfour’s $5.5bn Gammon deal and a two-contractor battle for Quintain’s latest Wembley job.
$5.5bn – Balfour Hong Kong deal
The HK$5.5bn (£551m) contract will see Balfour’s Gammon Construction JV build the final phase of a complex in the district, which will comprise a 1,450-seat auditorium, a 600-seat theatre and a 270-seat studio theatre. Gammon is a 50:50 JV between Balfour and Hong-Kong-based Jardine Matheson.
279 – homes on Wembley job
As well as the build-to-rent homes, the two sites will feature retail units and a GP surgery. The firm’s construction director Matt Voyce and chief executive Angus Dodd were speaking exclusively to Construction News about Wembley Park, navigating Brexit and avoiding Carillion.
14% – Crossrail TfL contribution
The Elizabeth line is expected to contribute 14 per cent of Transport for London’s passenger income by fiscal year 2023, and 12 per cent of its total operating income, according to credit rating agency Moody’s. Its report predicted that Crossrail delays could cost TfL £600m, with the revenue shortfall peaking in 2021 and putting a “significant” strain on the organisation.
6,500 – Commonwealth villagers
Birmingham City Council selected the firm to deliver the village, known as the Perry Barr regeneration development, under a contract believed to be worth £350m. Following the Games, the site will be used to provide 1,400 new homes for the area.
65 – Heathrow hub contenders
Heathrow has opened bidding for the four hubs, putting out a prequalification questionnaire to determine which will make the shortlist early next year. The sites will be asked to demonstrate how they can help advance Heathrow’s ambition to utilise offsite construction for the airport’s expansion.