Transport for London in talks over contract for £500m redevelopment, which is expected to be signed soon

A BAM Nuttall/Taylor Woodrow joint venture has emerged as the front-runner to land the £500m redevelopment of Tottenham Court Road station in London.

Building understands Transport for London (TfL) is currently in negotiations with the team, and a contract is expected to be signed shortly.

Missing out on the work is a Costain/Laing O’Rourke/Bachy Soletanche joint venture, Balfour Beatty, Morgan Est and a Skanska/Mace team, who have all be informed their bids are unsuccessful.

The job will involve a complete revamp of the station to double its capacity as well as the construction of a new piazza outside Centre Point and an entrance at the corner of Oxford Street.

Crossrail platforms will sit underground with a second entrance located at Dean Street in Soho.

Demolition in the area, including that of the famous Astoria music venue, is already under way and hoardings have been erected.

The station is one of a series in central London due to be remodelled for Crossrail, with Bond Street next on the list to be tendered.

A tender notice for Bond Street was expected in the summer, but TfL said it is now likely to be issued in January 2010 with a contract award expected towards the end of the year.

And in its latest investment programme report, TfL acknowledged that the project will not be complete until early 2017, some six months after the September 2016 deadline originally set.

Despite widespread speculation that the job would be downsized, TfL has confirmed that the contractor’s remit remains as planned.

A TfL spokesperson said: “The scope of the project remains unchanged with two additional escalators to the Jubilee line; a low level interchange route between the Central and Jubilee lines and a new step-free entrance and ticket hall on Marylebone Lane.”

In addition the work will include four new lifts allowing step-free access to the Central and Jubilee line platforms, interchange and street levels and a step-free route to the Crossrail station.

Shortlisted bidders are Taylor Woodrow/BAM Nuttall, Laing O’Rourke/Costain/Bachy Soletanche, Balfour Beatty and Morgan Est.

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