Amec reaches financial close on DLR

Amec and its 50/50 jv partner the Royal Bank of Scotland (RBS) have reached financial close on the PPP contract to extend the Docklands Light Railway from King George V station near London City Airport to Woolwich Arsenal.

The contract involves a 2.5km extension under the Thames. The Amec/RBS jv is already building the extension to City Airport, which is due to open to the public by the end of 2005.

Amec's UK PPP portfolio now comprises 10 projects, of which five are now operational. Amec has around £30m invested in PPP projects and is committed to investing another £25m in projects currently under construction.