The U.K.’s new government has begun slashing public budgets, but enough cash remains for a $1-billion upgrade of London’s Victoria subway, or tube, station. Construction is due to begin next year, with a 2018 completion deadline.
Transport for London (TfL) on June 10 signed a construction contract for the major tube station with the Vinci BAM Nuttall Ltd. joint venture. The same team won a $730-million contract to upgrade the system’s Tottenham Court Road station last December.