With tunnels under way, attention turns back to HS2's missing Euston station

"In an early market engagement document, the Department for Transport ( DfT) says that it is exploring a public-private partnership model to deliver the HS2 Euston Station with private finance. The DfT's proposal is to appoint a private company under a design, build, finance and maintain (DBFM) model, with responsibilities including detailed design and construction of the HS2 Euston Station infrastructure, followed by ongoing maintenance over a long-term contracted period."

"The project covers the construction of the new HS2 station, the redevelopment of the existing mainline station, and significant upgrades to the London Underground station. And the development above and around the station of the houses and offices that will be needed to pay for it. At the moment, it's only the first stage in several rounds that will need to be gone through to see if there is a company willing and able to build the station and redevelop the surrounding area."

"Currently, the property company, Lendlease, is the government's Master Development Partner for Euston and is responsible for developing a master plan for the area above and around the stations. Last year, Lendlease set up a 50/50 joint venture with the Crown Estate for several of its projects, including the HS2 Euston station redevelopment. DfT is currently establishing the Euston Delivery Company (the EDC) as the campus-wide directing mind for the programme."

Department for Transport is exploring a public-private partnership to deliver HS2 Euston Station with private finance under a design, build, finance and maintain (DBFM) model. The appointed private company would handle detailed design, construction and long-term maintenance of the HS2 infrastructure. The programme includes a new HS2 station, redevelopment of the existing mainline station, significant London Underground upgrades, and above-station housing and offices to fund the scheme. The project is at an early market-engagement stage. Lendlease is the current Master Development Partner and has a 50/50 joint venture with the Crown Estate. DfT is establishing an Euston Delivery Company while enabling works continue ahead of tunnel boring machines.

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