MONTREAL, Feb. 10, 2021 /CNW Telbec/ - SNC-Lavalin
Group Inc. (TSX: SNC) welcomes the UK Government's commitment to a
major new railway program as the project moves into the
construction phase. The Department for Transport announced
$1.3 billion in funding for
construction to begin on Phase 2 of The East West Rail Project,
which includes the construction of 65 km of new track, a new
overpass, two new stations and 16 bridges between Oxford and
Cambridge. SNC-Lavalin's role will
include providing multifunctional design, development management,
signalling installations as well as power and telecommunications
design.
"East West Rail, delivered through an alliance agreement,
signifies an important step forward in SNC-Lavalin's strategy to
deliver major infrastructure programs for our global clients, while
leaving the LSTK contracting model firmly behind us," said
Ian L. Edwards, President and CEO of
SNC-Lavalin. "This model is a great example of how our expertise
can help deliver clients' projects, with a balanced and capped
level of risk, while working as one. It is a model that is
applicable to the whole of our business going forward."
SNC-Lavalin is part of the East West Rail Alliance, a
contracting model that shares opportunities and risks with partners
and the client but with a capped level of risk. The Alliance is
made up of SNC-Lavalin's Engineering, Design and Project Management
(EDPM) business (non-owner participant), Laing O'Rourke (non-owner participant),
Volker Rail (non-owner participant),
and Network Rail, as the owner and operator of the UK's railway
infrastructure.
The Alliance is a fully integrated team working under a single,
unified project agreement where decisions are made as a collective
who share the benefits and risk as the project progresses.
Atkins, a member of the SNC-Lavalin Group since 2017, has been
working on the project since 2016.
"The UK government's commitment to East West Rail will allow the
Alliance to push on, working as a single team with a shared vision
realized through trust and collaboration. Once complete, this
critical national infrastructure project will play an important
part in helping to boost the region's economy - connecting people,
businesses and communities across the region and enabling future
growth and prosperity," Philip
Hoare, President, Atkins, Engineering, Design & Project
Management, SNC-Lavalin.
The East West Rail Line is one of the largest new railway
projects in the UK and will see the track laid on disused railway
lines that last carried passengers in 1968. The first trains are
expected to run by 2025.
About SNC-Lavalin
Founded in 1911, SNC-Lavalin is a fully integrated
professional services and project management company with offices
around the world. SNC-Lavalin connects people, technology and data
to help shape and deliver world-leading concepts and projects,
while offering comprehensive innovative solutions across the asset
lifecycle. Our expertise is wide-ranging — consulting &
advisory, intelligent networks & cybersecurity, design &
engineering, procurement, project & construction management,
operations & maintenance, decommissioning and sustaining
capital – and delivered to clients in four strategic sectors: EDPM
(engineering, design and project management), Infrastructure,
Nuclear and Resources, supported by Capital. People. Drive.
Results. News and information are available at
www.snclavalin.com or follow us on Twitter @SNCLavalin
SOURCE SNC-Lavalin