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Amec/A McAlpine team quits M2 PFI road deal
16:36 23 Jan 2003
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A consortium featuring the successful Amec/Alfred McAlpine pairing
has pulled out of bidding for a high-profile private finance road
deal in Kent.
The Road Management Group (RMG), which includes Brown & Root and Spanish contractor Dragados, has withdrawn from the Highways Agency's (HA) £73m-plus Stockbury (M2) to Sheerness project.
An insider said: "The group is committed to the A1 Darrington to Dishforth DBFO in Yorkshire. The word is that the group's resources would have been stretched too far if it also went for the M2 project, which includes designing a high-level bridge between the Kent mainland and the Isle of Sheppey."
RMG's record on winning private finance deals is impressive and its departure from the M2 fray will be welcome news to the other three groups left in the race: the Laing, Hochtief and Babtie team; Connect - Balfour Beatty and Atkins; and Carillion.
The HA is expected to name its preferred bidder in the autumn, with work on site starting in spring 2004. Completion is due in 2006.
The Road Management Group (RMG), which includes Brown & Root and Spanish contractor Dragados, has withdrawn from the Highways Agency's (HA) £73m-plus Stockbury (M2) to Sheerness project.
An insider said: "The group is committed to the A1 Darrington to Dishforth DBFO in Yorkshire. The word is that the group's resources would have been stretched too far if it also went for the M2 project, which includes designing a high-level bridge between the Kent mainland and the Isle of Sheppey."
RMG's record on winning private finance deals is impressive and its departure from the M2 fray will be welcome news to the other three groups left in the race: the Laing, Hochtief and Babtie team; Connect - Balfour Beatty and Atkins; and Carillion.
The HA is expected to name its preferred bidder in the autumn, with work on site starting in spring 2004. Completion is due in 2006.
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