“Former Carillion boss takes reins of UK’s HS2 project”

Owl says: The breath-taking brazenness of it is so shocking.

“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.”

https://www.thelondoneconomic.com/news/former-carillion-boss-takes-reins-of-uks-hs2-project/15/08/

2 thoughts on ““Former Carillion boss takes reins of UK’s HS2 project”

  1. Typical lack of accountability from the Conservative Government – AGAIN AND AGAIN AND AGAIN AND AGAIN.

    He should instead be banned from being a Director.

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