Search Results for: Thames Tideway

Mitchell has led the modernisation of London’s Victorian sewage system since 2014.

Tideway ‘super sewer’ investor, Dalmore Capital agrees to its acquisition and £500 million funding by Royal London to grow UK infrastructure.

Started in 2016, construction had been aimed for completion by this year but was rescheduled owing to delays brought about by the pandemic.

Tideway CEO Andy Mitchell said its delivery was “the moment we’ve all been waiting for”.

The major works project had, in 2014, initially been costed at around £3.5 billion.

The new opportunity represents a contract with a total value of £70 million.

The financing marks a world first for a nuclear project funded by private investors using the UK’s Regulated Asset Base (RAB) model.

The Surrey-based contractor has chosen 80 Strand, London, as its new base of operations, ahead of CEO Karl Goose joining in December.

Last year, Mace Consult raised profits 74% to £77.7M, achieving turnover of £686.6M.