construction news
‘Talks needed’ over Crossrail 2 funding
Summer talks with government will help determine how Crossrail 2 will be funded, the deputy mayor of London has said. source https://www.constructionnews.co.uk/home/talks-needed-over-crossrail-2-funding/10038658.article
Laing O’Rourke agrees refinancing terms with lenders
Laing O’Rourke has agreed terms with its lenders to secure new financing until 2022. source https://www.constructionnews.co.uk/companies/contractors/laing-orourke/laing-orourke-agrees-refinancing-terms-with-lenders/10038651.article
Laing O’Rourke seals refinancing deal with banks
Laing O’Rourke has struck a deal with its lenders to refinance the UK business with new banking facilities until 2022. The long-awaited refinancing means Laing O’Rourke can now sign off overdue accounts for last year, which should ease concerns among key...
Dundee embarks on demolition of former schools
Dundee City Council is set to start work on the demolition of a number of former school buildings to make way for housing and community facilities.Dundee City Council is set to start work on the demolition of a number of former school buildings to make way for housing...
Atkins appoints new Europe MD
Atkins has appointed Graham Candy as managing director for Europe in a move it has said is part of a plan to increase its presence on the continent. source https://www.constructionnews.co.uk/atkins-appoints-new-europe-md/10038634.article
Lendlease scoops Manchester town hall £330m revamp
Lendlease has beaten rival Laing O’Rourke to deliver Manchester’s £330m Town Hall and Albert Square refurbishment programme. The construction contract is understood to be worth around £190m and will see the grade one-listed building fully restored along...
Government fails to hit prompt payment target
The Cabinet Office is missing its targets to pay suppliers on time. The government has pledged to be a model payer and settle 80% of its invoices within five days days and the rest within 30 days. But latest figures show those targets have been missed. Latest data for...
Work begins to unlock £500m South Tees site
Construction is starting on infrastructure work to unlock a potential £500m development site in the Tees Valley. The government has agreed another £14m of funding into the South Tees Development Corporation to get work underway. The 350 acre site in Redcar was home to...
Tay region gets £40m for new river crossing
Scotland’s first minister Nicola Sturgeon has confirmed £40m in funding for a new link road crossing the River Tay.Scotland’s first minister Nicola Sturgeon has confirmed £40m in funding for a new link road crossing the River Tay.Read Full Article: The...
Government misses own prompt payment target
The Cabinet Office has slowed its payment of invoices since June 2017 and has not hit its own prompt payment target for over a year. source https://www.constructionnews.co.uk/best-practice/government-misses-own-prompt-payment-target/10038631.article
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