Transactions - DECEMBER 2, 2019

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Macquarie consortium wins contract for crucial tunnel project in London

by Kali Persall

A consortium made up of Macquarie Capital, Cintra, Aberdeen Standard Investments, BAM PPP PGGM, and SK E&C were awarded a contract by Transport for London to design build, finance, operate and maintain the Silvertown tunnel project in London.

Silvertown will be the U.K.’s first major road tunnel to include a dedicated bus line in both directions. It will offer 37 zero-emission buses per hour during peak periods in each direction, increasing the number of cross-river trips by public transportation in the area from 10 percent to 30 percent.

The design of the tunnel includes a 1.4-kilometer (0.9-mile) tunnel under the River Thames as well as 0.6 kilometers (0.3 miles) of access ramps. It will connect south of the River Thames with the access to the existing Blackwall Tunnel and north of the River Thames with the Tidal Basin Roundabout in Silvertown.

Macquarie said the project will “help deliver a vital piece of infrastructure to prepare for London’s futur

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