Bouygues UK has been awarded  a contract  worth over £1bn to develop Battersea Power Station.

Work for the contract, one of the largest private building contracts ever awarded, will begin in early 2016 and will run alongside separate developments on the site.

The development, known as Phase 3, will see a new pedestrianised high street, known as The Electric Boulevard, which will be the main gateway to the Battersea development and provide 350,000  square feet of retail space.
1,305 new homes will be built in a range of sizes on either side of the boulevard.

Rob Tincknell, CEO at Battersea Power Station Development Company (BPSDC), said: “The appointment of Bouygues UK as preferred contractor to build Phase 3 - the gateway to the Power Station - is a major milestone and increases the total area under construction on site to approximately 5m square feet.

“Bouygues UK demonstrated an impressive approach to the project and had a clear ability to address the challenges of the current London market, resulting in the best cost and programme outcomes.

“We welcome them to the delivery team that will build these new landmarks for London.”

Work on the northern half of the development will start in 2016 and finish in 2019, while work on the southern half will begin in 2018 and finish in 2020 to coincide with the opening of the Northern Line extension.

Madani Sow, CEO and Chairman of Bouygues UK, said: “We are honoured and excited to have been chosen to deliver Phase 3 of the Battersea Power Station project - one of the most iconic construction projects in Europe at this time.

“We have extensive experience in the delivery of such schemes, both in the UK and within the wider Bouygues Construction Group and this contract adds to our portfolio of work on regeneration schemes.

“We look forward to working with our colleagues at BPSDC  and using our expertise to help them deliver this ambitious London redevelopment.”