The injunction against the Silvertown Tunnel project that suspended the signing of the contract between the contracting authority (Transport for London) and the winning consortium (Riverlinx) has been lifted. Now the private partner is expected to reach financial close on the project within a month.
The Riverlinx consortium consists of Aberdeen Standard Investments, BAM PPP PGGM, Cintra, Macquarie Capital and SK Engineering & Construction (SK E&C). The consortium was selected as the preferred bidder for the development of a new river crossing between Silvertown and Greenwich Peninsula in east London. The contract was due to be signed this summer with the works starting later this year but the rival bidder STC which includes Hochief and Dragadios filled a claim Claim to the Technology and Construction Court. This led to the automatic suspension of the signing of the contract.
The project has been facing widespread opposition. Hackney Council and Greenwich council both oppose the development of the tunnel citing air quality concerns.