Chinese firm offers to build HS2 and save ‘tens of billions’

By Joey Gardiner2020-02-14T06:00:00

CRCC will work with UK government ‘if necessary’

A Chinese firm that is one of the world’s largest contractors has offered to save the government “tens of billions” of pounds by taking on the HS2 project and building it within five years, Building understands. The firm, part of China Railway Construction Corporation, has raised the prospect of the line reaching speeds of up to 420km/h, versus the maximum 340km/h currently envisaged, increased passenger capacity as well as delivering the scheme closer to its current £56bn budget.

China Railway Construction Corporation, known as CRCC, is a part state-owned and publicly listed Chinese contractor with a turnover in 2018 of more than £80bn, operating in 121 countries.

Already registered? Login here

To continue enjoying Building.co.uk, sign up for free guest access

Existing subscriber? LOGIN

Stay at the forefront of thought leadership with news and analysis from award-winning journalists. Enjoy company features, CEO interviews, architectural reviews, technical project know-how and the latest innovations.

Limited access to building.co.uk
Breaking industry news as it happens
Breaking, daily and weekly e-newsletters

Get your free guest access SIGN UP TODAY

Subscribe now for unlimited access

Subscribe to Building today and you will benefit from:

Unlimited access to all stories including expert analysis and comment from industry leaders
Our league tables, cost models and economics data
Our online archive of over 10,000 articles
Building magazine digital editions
Building magazine print editions
Printed/digital supplements

Subscribe now for unlimited access.

View our subscription options and join our community