Spanish contractor Dragados has won the job to deliver London Underground’s £500m upgrade to Bank tube station
Spanish contractor Dragados has won the job to deliver London Underground’s £500m upgrade to Bank tube station, Building understands.
The firm is understood to have beaten off competition from a consortium of Costain and Vinci to the job, which is aimed at improving capacity at the strategically important station.
London Underground has been through a lengthy process of early contractor engagement on the project after first issuing an OJEU notice in November 2011.
The client hopes the process will deliver “significant cost, risk, programme, and other benefits” through asking firms to develop innovative solutions to upgrading the station with minimum disruption.
The consortiums of Bam Nuttal, Ferrovial and Kier; and Morgan Sindall, Balfour Beatty and Alpine Bemo Tunnelling, dropped out at an earlier stage.
David Waboso, London Underground’s capital programmes director, said he was “delighted” with the response to the procurement process.
He added: “The lead bidder represents both the lowest bid price and offers the greatest benefits.”
“We used the new ICE procurement process for the first time with this project. The process has been designed to allow bidders to bring their expertise and knowledge to drive innovation that will reduce cost and risk to the project.”