Extended to the Arsenal

The London Docklands Light Railway is to be extended from King George V station near London City Airport to Woolwich Arsenal.

Woolwich Arsenal Rail Enterprises (WARE), AMEC’s 50/50 joint venture with the Royal Bank of Scotland (RBS), has finalised with Docklands Light Railway (DLR), part of Transport for London, the PPP contract to extend the Docklands Light Railway from King George V station near LondonCityAirport to Woolwich Arsenal.

The Woolwich Arsenal contract involves a 2.5 kilometre extension under the Thames from King George V station to Woolwich Arsenal where a new DLR station will be integrated with the existing rail station.

The contract further extends the City Airport DLR extension currently being built by another AMEC/RBS joint venture, also under a PPP contract, which is due to open to the public by the end of 2005.

WARE has raised total funding of £240 million to finance the project comprising a bank loan from the Royal Bank of Scotland and a loan from the European Investment Bank with the balance being made up of equity from AMEC and RBS.

In addition to its equity investment in WARE of some £12 million AMEC has been awarded contracts from WARE to undertake the design, engineering and construction of the extension and its long-term maintenance over the 30-year concession period.