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Struggling Carillion named as one of the contractors for HS2

Struggling Carillion named as one of the contractors for HS2

The announcement injected some life back into the firm's battered share price on Monday - a week after its chief executive quit when Carillion admitted an £845m hit to its finances.

United Kingdom firms Carillion, Costain and Balfour Beatty are leading consortiums to build tunnels, bridges and other civil engineering works on the first stretch of the new line.

Around 16,000 jobs will be supported by these first-stage contracts, which is due to see trains running by 2026.

Troubled construction giant Carillion's partners on the HS2 project have been forced to give assurances that they can step in to deliver on the work if required.

Mr Grayling added: "My wish is that Carillion get through their current problems, but we've made sure that it's not an issue for these contracts".

KCET 2017: Second allotment list announced. Check here
Also Read: KEAM Trial Allotment 2017 Result to be out today: Steps to check CEE Kerala KEAM Allotment List at cee.kerala.gov.in . Candidates who had ot satisfied with the first round allotment are waiting for the second allotment results .

The North Portal Chiltern Tunnels to Brackley was won by CEK, which includes Carillion (UK), Eiffage Genie Civil (France) and Kier Infrastructure (UK).

But today it was announced that alongside engineering group Kier and French construction company Eiffage, Carillion has been awarded two contracts worth a combined £1.3 billion to build tunnels on the central section of the route.

While it is welcome work for Carillion, it is now struggling to contain rising debts - a effect of cost over-runs on other key contracts. Alongside our own efforts, EY will provide support across the business and bring an external perspective to our cost reduction and cash collection challenge.

The final route of the Manchester and Leeds arms of the railway will be confirmed later.

Ministers suggested in November a year ago that the line should serve the existing Sheffield city centre station, after proposals to run trains to the Meadowhall shopping centre were shelved.

Runaway Boat on Indiana Lake Crashes, Injuring 10 People
The 21-foot boat ran amok in lake Gage, at about 30 miles per hour , after the driver and 9 others were thrown off Sunday. His boat became disabled, but Carlile was able to use another boat to eventually get into the unmanned boat and stop it.

This will mean the demolition of a new housing estate in Mexborough, leading to outrage from residents that had moved in just months before.

Mr Grayling will soon publish a Bill to deliver Phase 2a from the West Midlands to Crewe, with services expected to begin in 2027.

Joe Rukin of the Stop HS2 campaign said: "The case for HS2 has been invented by the very cheerleaders who intend to rake in billions of taxpayers' money which is desperately needed elsewhere, so it really is time to ditch this big white elephant before it is too late". "Building HS2 will create vital new capacity on our rail lines, giving inter-city customers a faster and more reliable service and freeing up space on local lines, making everybody's journeys more comfortable and convenient".

Joe Rukin, Stop HS2 campaign manager, said: "The cost of HS2 has already doubled once since it was first proposed so it should come as no surprise to anyone that it might double again".

Sensex, Nifty Hit Fresh Record Closing Highs
In other news, Vikram Limaye took over as managing director and chief executive officer of the National Stock Exchange (NSE). In Europe, the pan-European STOXX 600 index ended the day 0.2 per cent higher.


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