London Underground (LU) has announced its intention to award the contract to design and build the Northern line extension from Kennington to Battersea via Nine Elms to Ferrovial Agroman Laing O’Rourke. The contract, worth approximately £500 million, will be for six years and covers the main construction works.
The full cost of the scheme is expected to be up to £1bn, which is being funded entirely through developer contributions from Battersea Power Station and other developers and, from 2016, a new Enterprise Zone.
Source: www.tfl.gov.uk
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