Green Light for $1.4 Billion London Tunnel

Map Image Courtesy of Transport for London

London’s transportation authority has secured approval to go ahead with a design, build, finance and maintain project for a 1.4 km twin highway tunnel under the River Thames between Greenwich and Silvertown.

Transport for London aims to selected the preferred bidder from a shortlist of only two this year aiming to start construction during 2019.

Spain’s Cintra Global Ltd., Hochtief PPP Solutions GmbH,. Germany, and a joint venture of Skanska and Strabag made it to the shortlist last year. However the Skanska team later withdrew.

Estimated to cost $1.4 billion, the twin 10.9-m-dia. bored tunnels will head north-east from a the Greenwich Peninsula. Its south portal will be located a few hundred meters south of the entrance to the existing Blackwall Tunnel under the Thames, which it will relieve. The new tunnel is due to open in 2023.

Peter Reina is Correspondent London, U.K.

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