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
The Woolwich Arsenal contract involves a 2.5 kilometre extension under the
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
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.