Nottingham City Council has selected the Vinci-led consortium Tramlink Nottingham as its preferred bidder to build two new tram lines.
The consortium – comprising Vinci investments and construction, Alstom Transport, Keolis, Wellgade Trent Barton, Maridiam and Infravia – beat off competition from the Arrow Connect bid.
The extension of the city’s network will add new lines to Clifton and Chilwell.
The 23 year concession contract is expected to be finalised in summer 2011.
Tramlink Nottingham chairman Roger Harrison said: “We are delighted to have been selected as preferred bidder.
“Our focus now will be on working with Nottingham City Council to ensure NET Phase Two can be introduced at the earliest opportunity.”
Construction work on the new lines could start by the end of the year with the extended network due to be fully operational by the end of 2014.
Nottingham City Council chief executive Jane Todd said: “The process of selecting a preferred bidder has involved a lengthy, formal and highly demanding process to ensure the best outcome for both the city and the future of the tram.
“We received two very strong bids but Tramlink Nottingham has come out on top. We look forward to working with them to develop their proposals before awarding the full contract.”