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Balfour Beatty

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Stock price BBY
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HeadquartersLondon
United Kingdom
Ceo Leo Quinn
Revenue7. 802 billion GBP (2018)
Subsidiaries Balfour Beatty Construction
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ID1360615
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About Balfour Beatty


Balfour Beatty plc is a multinational infrastructure group based in the United Kingdom with capabilities in construction services, support services and infrastructure investments.

HS2 construction gets the green light, despite lockdown

Feb 16,2020 9:32 am

, The government has to start the formal approval for construction work on the rail HS2 project, despite the lockdown measures.

of the participating construction companies, the need to follow in phase one of the high-speed rail project, social distance rules.

HS2 minister Andrew Stephenson said: "We can not work for delays to our long-term plan at the level of the Country . "

to build the Rail Link in February, after a review of their costs.

Matthew Kilcoyne, Deputy Director of the free market, Adam Smith Institute, called the government on The Announcement of the "tone-deaf" in The Light of the Corona-Virus-pandemic.

'Vanity projects'

Mr Kilcoyne said: "We have an economic crisis, which is going to cost the taxpayers billions. We can not vanity projects such as HS2 provide.

"We have to back on a sustainable financial Basis. "

The Project cost More Than £100bn, and up to five years behind schedule, could.

That the Corona-Virus-pandemic "will be serious repercussions for the British economy".

He was speaking after The Office for Budget Responsibility (OBR) estimated That a three-month-would beat lockdown, GDP, and Push Up the UK's borrowing bill to an estimated £273bn in the current Year .

Once , London to Birmingham travel to be cut-time of One Hour , 21 minutes, 52 minutes, according to The Department for Transport

HS2 minister Andrew Stephenson said: "This next step provides thousands of construction workers and companies throughout the Country , with safety and security in a time when you need it. "

A note to go was given, four joint ventures, which will start working immediately,

was The Announcement of the welcome by the head of the construction industry Council, Graham watts. "The message, you can proceed with HS2 is welcome, particularly at This Time , for the good of the economy," He Said .

"If the current crisis is over, the planned restoration is important and the development of large infrastructure works, such as the HS2 and highways in England, together with a recovery in the housing sector is an important instrument for the kickstarting of the economy as a whole. "

companies with HS2 contracts, Costain, Balfour Beatty and Skanska Construction UK.

Mark Thurston, head of HS2 Ltd, said: "the issue of The warning letter go today ensures That our contractors and their supply chains have the confidence That they are committed to building HS2, create thousands of skilled jobs in the Country as we recover from the pandemic. "

safety of the workforce

construction workers on the construction site need to observe That during the Covid-19-outbreak.

The GMB union, which represents HS2 construction workers, said That the safety of the workforce, "the top priority".

Eamon O'hearn, its national officer, said That the construction should be "conditional strict observation of social distancing, provision of personal protective equipment, where required", as well as individual risk assessments for vulnerable workers.

the HS2 link London, Birmingham, Manchester and Leeds, is set. It is hoped That The Project will reduce passenger overcrowding, and help restore the British economy through investment in transport links outside of London.

HS2-the minister, Mr Stephenson added: "HS2 is The Spine of the Country 's transport network, increasing capacity and connectivity, while also rebalancing option Fair in our cities and municipalities. "



environment, hs2, department for transport, rail travel, transport, infrastructure

Source of news: bbc.com

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