Construction companies already working on billions of pounds worth of Lower Thames Crossing contracts are likely to face two choices if the project is to survive: either re-tender for the work or seize control of the project themselves. Phil Bishop reports.
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Computerised image of the Lower Thames Crossing’s southern tunnel entranceWhen chancellor of the exchequer Rachel Reeves expressed her support for the Lower Thames Crossing she spoke with a forked tongue. She supported the idea of the project and wants to see it go ahead, but is not prepared to stump up the £9bn that is (or was, at last count) the estimated cost.
She said of the proposed easterly Kent-Essex link road: “To drive and deliver value for money for taxpayers we are exploring options to privately finance this important project.”
