Just some of the figures behind this week’s news on Open Doors 2018, an interview with HS2’s chief executive, and the news that Fluor will be part of a JV bidding for HS2 work.
390 km – American high speed rail
20180323 week in numbers fluor
The Bam Nuttall / Ferrovial JV looks set to add US engineering giant Fluor to its HS2 bid team. CN has learned the JV will add Fluor to its ranks in a move to strengthen its bids for Euston and Old Oak Common. The US firm has a global turnover of nearly $20bn and is currently working on UK projects such as the decommissioning of 12 Magnox sites across the country.
£4,450 – Total training costs
20180323 week in numbers hs2 training
In his first full interview since taking the role of CEO at HS2, Mark Thurston told CN the organisation was making several improvements. “We brought in a new management system,” he says. “[It has] given us the ability to sharpen our finance and HR controls and our relationship with the government is much clearer now.” The changes have also seen every one of HS2’s 1,153 staff members put through a course on managing public money. CN has found out that this training cost just £4,450 – less than £3 per employee.
£196.6m – Interserve’s financial deal
20180323 week in numbers interserve
Interserve has announced it has reached an “agreement in principle” with its lenders and other financial stakeholders over its financing. It has secured cash lending facilities of £196.6m plus bonding facilities of up to £95m up until September 2021. The new loans will be incorporated into the contractor’s existing borrowings, giving it a total of £834m cash borrowing facilities that will be available to the business immediately.
3,000 miles – Open Doors commitment
20180323 week in numbers open doors
Team CN was out and about the country this week visiting sites for the annual Open Doors event. On one site, reporter Jack Simpson spoke to two developers who’d flown more than 3,000 miles from Israel to visit the project.