BAM Nuttall Wins $120 Million Order to Clear London Games Site
U.K. construction company BAM Nuttall Ltd. has been awarded two contracts worth 76 million pounds ($120 million) to turn the London Olympic site into a park and residential area once the Games are over.
The contracts will create about 500 jobs, with at least one-fifth going to local workers in east London, the Olympic Park Legacy Company, or OPLC, said in an e-mailed statement.
“London is streets ahead of previous Olympic cities when it comes to securing a lasting legacy,” London Mayor Boris Johnson said in the statement. “The creation of thousands of new homes and hundreds of jobs and apprenticeships will bring huge benefits to east London and help drive growth across the capital for many years to come.”
The OPLC will fund the creation of what will be called the Queen Elizabeth II Olympic Park from 292 million pounds that was earmarked in the Games’ budget, it said.
BAM Nuttall will clear London’s Olympic Park of some of its temporary venues, roads and walkways after the Olympic and Paralympic Games. It will also build new roads, cycle and pedestrian paths across the park and into the surrounding area, and finish permanent venues and parklands. The work, one of Europe’s “largest construction projects” according to the OPLC, will take 18 months.
The new park will be open in July 2013.
BAM Nuttall, which is part of Dutch builder Royal BAM Group, has been involved in work at the Olympic site, as well as the upgrade of Neasden Depot, the largest depot on the London Underground network, according to its website.
To contact the reporter on this story: Danielle Rossingh at the London sports desk on drossingh@bloomberg.net
To contact the editor responsible for this story: Christopher Elser at celser@bloomberg.net.
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