KUALA LUMPUR, Sept 17, 2015:
Bouygues UK has been selected as the preferred contractor to design and build Phase 3 of the Battersea Power Station project, worth in excess of £1 billion (RM6.52 billion), making it one of the largest private building contracts ever to be awarded in the UK.
The selection was confirmed by Battersea Power Station Development Company (BPSDC), the site development manager, in a statement issued from London.
Chief executive officer Rob Tincknell, said: “The appointment of Bouygues UK is a major milestone and increases the total area under construction on site to approximately five million sq ft.
“Bouygues UK demonstrated an impressive approach to the project and had a clear ability to address the challenges of the current London market, resulting in the best cost and programme outcomes.”
Work is expected to start on the northern half of the Phase 3 site in the first quarter of 2016 and conclude in 2019 while that on the southern half would commence in 2018 and conclude in 2020.
Together, Phase 1, 2 and 3 will be the largest single development project in central London since Canary Wharf.
Phase 3 is a key part of the regeneration of the Battersea project, and features a new pedestrianised high street for London, known as The Electric Boulevard.
The boulevard will be the main gateway to the entire Battersea development, connecting the Northern Line Extension station to the south of the site with the power station itself.
Phase 3 will comprise 1,305 new houses in a range of sizes and styles.
The Battersea Power Station site is owned by a consortium of Malaysian investors comprising S P Setia, Sime Darby and the Employees’ Provident Fund.
The development management of the project is being undertaken by British-based Battersea Power Station Development Company.