construction news
Rogue developers banned for £12m ‘rip off’
Six directors have been banned for a total of 54 years after misleading more than 300 people into investing £12m into residential developments. source https://www.constructionnews.co.uk/best-practice/legal/rogue-developers-banned-for-12m-rip-off/10038485.article
Khan: Crossrail said December opening ‘was achievable’
Those working on Crossrail assured Transport for London (TfL) that a December opening date was possible as recently as August, despite the operator’s doubts, it has been claimed. source...
Interserve lenders look to acquire RMD Kwikform
Interserve’s lenders have called for its subsidiary RMD Kwikform to be placed in a separate holding company under their ownership. source https://www.constructionnews.co.uk/home/industry-news/interserve-lenders-look-to-acquire-rmd-kwikform/10038461.article
£196m Barking rail extension awarded
A joint venture between Morgan Sindall and VolkerFitzpatrick has secured the London Overground rail extension from Barking to the planned 10,000 homes Riverside scheme. Transport for London negotiated the deal with the joint venture for a price of £196m, including a...
Interserve lenders look to acquire RMD Kwikform
Interserve’s lenders have called for its subsidiary RMD Kwikform to be placed in a separate holding company under their ownership. source https://www.constructionnews.co.uk/interserve-lenders-look-to-acquire-rmd-kwikform/10038461.article
App to predict potholes before they happen
A new collaborative project being carried out in Scotland is expected to lead to the launch of an app that can predict potholes before they occur.A new collaborative project being carried out in Scotland is expected to lead to the launch of an app that can predict...
Interserve pressed to surrender RMD Kwikform
Faced with a crippling debt burden, Interserve has reached agreement in principal with its lenders on a way out. But some crucial points remain under debate.Faced with a crippling debt burden, Interserve has reached agreement in principal with its lenders on a way...
Murphy, Nuttall and Osborne share £7bn Network Rail framework
Network Rail has handed out three contracts for the south of England worth up to £7bn over the next five years.Network Rail has handed out three contracts for the south of England worth up to £7bn over the next five years.Read Full Article: The Construction...
Interserve lenders demand control of RMD Kwikform
Bankers thrashing out a debt reduction plan with Interserve are demanding control of the company’s profitable RMD Kwikform business. Interserve provided a progress report to the Stock Exchange this morning on its deleveraging plan. It stated:...
Aberdeen bypass now misses Xmas opening deadline
Balfour Beatty and Galliford Try’s Aberdeen Western Peripheral Route consortium has failed to meet the latest big deadline to open all of the delayed project. While 85% of the giant scheme is now open, the final key stretch at the Don Crossing continues to...
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