EIFFAGE (EPA:FGR) - Eiffage and Kier receive Notice to Proceed for HS2, with their new partners, BAM Nuttall and Ferrovial Agroman

Transparency directive : regulatory news

15/04/2020 08:43

Vélizy-Villacoublay, 15 April 2020
8:30

Press release

Eiffage and Kier receive Notice to Proceed for HS2, with their new partners,
BAM Nuttall and Ferrovial Agroman

The Eiffage Kier joint venture, recently joined by two new partners BAM Nuttall
and Ferrovial Agroman, is pleased that today (15th of April), it has received
Notice to Proceed (NTP) from HS2 Limited, enabling it to commence the full
detailed design and construction of 80km of Phase 1 of the HS2 railway (the
route from London - Birmingham).

Throughout construction of the project, the partners will deliver Lots C2 and
C3 of the HS2 high-speed railway. This 80km section runs between the Chilterns
to Warwickshire and includes 15 viaducts, 5km of green tunnels, 22km of road
diversions, 67 overbridges and 30 million cubic metres of excavation. The total
value of the section, including the design and development work already
completed is £2.269bn.

Construction works are expected to start later in the year.

Since the commencement of the design and development phase in 2017, the joint
venture has conducted scheme design and some ground investigation works. This
includes the creation of our innovative 'Heave Monitoring Site' near
Warwickshire to assess ground movement. The site has also been used to develop
a platform that ties together data from a multitude of independent systems to
present back integrated, real-time reporting and insights, which will
significantly reduce cost, environmental impact and improve the productivity
and safety of operations.

Eiffage Kier has trained 300 new entrants to the construction and engineering
industry through its Training Hub sponsored by the CITB Construction Skills
Fund and delivered by Bucks College Group. The courses are completely free and
give people the qualifications to build a successful new future in the world of
civil engineering.

The appointment of Ferrovial Agroman and BAM Nuttall will further strengthen
the JV (35% Eiffage; 35% Kier; 15% BAM Nuttall ; 15% Ferrovial Agroman) and
increase the capacity of skilled workers on the central section of the project.
Ferrovial Agroman brings 60 years of rail experience, the last 30 of which
include delivering high speed rail schemes around the world, including
construction of 25% of the Spanish network and maintenance of 55%.
Additionally, Ferrovial Agroman and BAM Nuttall offer in-depth working
knowledge of the route as they are currently delivering the central section of
the HS2 Enabling Works as two thirds of the Fusion joint venture.

Benoît de Ruffray, Chairman and CEO of Eiffage: "Eiffage and its partners
welcome the UK Government announcement for the new high speed line HS2. We are
very proud to contribute to this project which has become possible thanks to
the collaborative approach set by HS2 Ltd since 2017. Whatever difficulties
countries are currently facing, we stay confident in the fact that we will
overcome the crisis and successfully deliver this ambitious project."

Andrew Davies, CEO at Kier, said: "We are pleased that the Government has
confirmed NTP for the HS2 project, allowing us to progress onto the next phase
of works in delivering this vital infrastructure project. We have been
successfully delivering the design and development phase since 2017 and working
with our new partners BAM Nuttall and Ferrovial Agroman alongside Eiffage we
will collectively bring invaluable knowledge and expertise throughout delivery
to play our part in the most sustainable high-speed railway of its kind."

Stephen Fox, Chief Executive, BAM Nuttall said "The Notice to Proceed for HS2
is extremely positive news, particularly at this difficult time for the
country. BAM Nuttall is proud to be involved in this transformational scheme
and we look forward to bringing our expertise to this key infrastructure
project. BAM Nuttall is delighted to be working in collaboration with Eiffage,
Kier and Ferrovial Agroman, and all other HS2 partners to deliver the
inspirational vision set out by HS2 Ltd."

Karl Goose, Managing Director, Ferrovial Agroman UK & Ireland: "This decision
comes at an extremely important time for the UK. It is a fantastic opportunity
for us to build on our HS2 enabling works experience and bring our expertise in
infrastructure - high speed rail delivery in particular - to deliver further
works for this vital scheme. This partnership is a deeply positive and definite
step for us, our client, the supply chain and the UK, especially in light of
the current global climate."

About Eiffage

Eiffage is one of Europe's leading construction and concessions companies. The
Group's activities are organised around the following business lines:
construction, real estate and urban development, civil engineering, metal,
roads, energy and concessions. Thanks to the experience of more than 72,500
employees, Eiffage generated revenues of EUR18.1 billion in 2019, of which
almost 26% was outside France.

Eiffage completed in 2017 the construction of the Bretagne-Pays de la Loire
project, one of Europe's latest high speed rail line projects, which stretches
214kms and aims to greatly improve access to Western France. It has also
delivered key projects including the Channel Tunnel Rail Link.

Eiffage press contact
Bénédicte Dao
benedicte.dao@eiffage.com
Tel: +33 1 71 59 22 28

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EIFFAGE (EPA:FGR) - Eiffage and Kier receive Notice to Proceed for HS2, with their new partners, BAM Nuttall and Ferrovial Agroman

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