Former Carillion boss takes reins of UK’s HS2 project

Former Carillion boss Mark Davies has been appointed as the managing director for the HS2 joint venture between Balfour Beatty and VINCI.

The project is one of the world’s largest construction projects with billions of pounds-worth of contracts put up for the first phase between West Midlands and London. 

Davies joined Carillion in 2008 and rose to managing director of its UK Infrastructure business until the firm went bust in January 2018.

The liquidation cost hundreds of jobs and was the most drastic procedure in UK insolvency law, with liabilities of almost £7 billion.

MPs claimed the demise was down to “recklessness, hubris & greed”, with directors focusing on bonus pay-outs to senior executives even as the firm teetered on the brink of collapse.

But that hasn’t stopped Davies heading up contracts for Lot N1 and N2 of the HS2 project, between the Long Itchington Wood Green tunnel to Delta Junction / Birmingham Spur and from the Delta Junction to the West Coast Main Line tie-in.

Combined, these two contracts are worth approximately £2.5 billion.

The joint venture is also currently bidding for further railways systems packages and Old Oak Common station, together valued at £3.8 billion.

Related Posts

European leader watches as Theresa May fails to exit her own car
EU president Juncker says there is “no room” to renegotiate as No Deal Brexit looms
Crossrail needs another £1.7bn…and there is no completion date

5 Responses

  1. Seems a bit unfair to taint Mark Davies with the sins of the main plc board directors. He wasn’t one of the ones labelled as exhibiting “recklessness, hubris and greed”. Sadly, there are many very competent former Carillion staff whose careers will long be tainted by association with the Carillion main board’s actions.

    1. The London Economic should of investigated that before publishing the article surely? Especially when they are asking me for 50p to put towards Investigative Journalism!

    2. Michael Owen

      Oh so very unfair, to TAINT the reputation of the Managing Director for simply losing sight of the odd £7billion. Plenty more where that came from ! ..

Leave a Reply