Extra HS2 payment sees SCS contract jump to £4.24bn

HS2’s Skanska Costain Strabag joint venture has secured an extra £150m funding for its first phase southern tunnelling section of the high speed route.
It is the third extra payment for work on the southern route taking total additional payments to £650m.
The award relates to planned and agreed changes to the scope of works under the contract.
Skanska’s share of the total contract sum is now valued at around £1.425bn, up from £1.12bn when the contract was sign