RSS Feed Press releases

• Major milestone for Europe’s largest infrastructure project as it moves from enabling works to full construction following Government’s approval for Notice to Proceed in April
• HS2 Ltd and its Tier One contractors expect to recruit for around 22,000 roles in the coming years to build the Phase One route – offering people a path back into work after the pandemic
• HS2 Ltd CEO Mark Thurston: “the reality of high speed journeys joining up Britain’s biggest cities in the North and Midlands and using that connectivity to help level up the country has just moved a step closer”
• NEW HS2 animations, infographics, drone footage and more available at this link: https://visual.library.hs2.org.uk/p/share/HoMPX6th7pT2

(Press release HS2 Ltd:) London, 4 September 2020 - HS2 Ltd has today (4 September 2020) announced the formal start of construction on the project, highlighting the large number of jobs the project will be recruiting for in the coming months and years.

Bunnik, the Netherlands, 2 September 2020 - The Executive Board of Royal BAM Group nv has appointed Ian Phillpot, BEng as finance director of BAM Nuttall Ltd, effective 7 September 2020. He is currently finance director for Structure Tone (Ireland, UK), a member of the US head quartered STO Building Group Inc, a leading global construction management and general contracting provider.

Bunnik, the Netherlands, 24 August 2020 - At today's extraordinary general meeting, Royal BAM Group’s shareholders appointed Ruud Joosten to the company’s Executive Board. He will start as CEO and Chairman of the Executive Board as per 1 September 2020. Per that date the Executive Board will consist of Ruud Joosten, CEO, and Frans den Houter, CFO. Paul Sheffield, who acted as delegated Supervisory Board member to support the Executive Committee in an advisory role, will continue in that role for two months to enable a proper transition.

Hemel Hempstead, 20 August 2020 - Plans to create The Northern School of Art in Middlesbrough, a £14.5 million scheme that will transform the gateway to the City, have taken a significant step forward after one of the UK’s largest and longest established contractors was appointed to deliver it. BAM Construction, which has offices in Gateshead and has built in the North East since 1916 (see editor’s notes below), is to create the high-quality premises to 750 students. It follows BAM’s appointment to create the Home Group’s new Headquarters in Newcastle this week.

(Press release Home Group:) Newcastle, 18 August 2020 - One of the UK’s largest housing associations has announced the developer and contractor who will create its new head office in Newcastle City Centre.

Bunnik, the Netherlands, 14 August 2020 – The Executive Board of Royal BAM Group nv has appointed Dr. D. (Daniel) Häußermann as chief executive (Vorstandsvorsitzender) of BAM Deutschland AG, effective 1 October 2020. Daniel Häußermann (1974) is currently General Counsel of the leading international industrial services provider Bilfinger SE. He will succeed Jan Wierenga, who will step down as Vorstandsvorsitzender to head the implementation of improvement programmes at Group level.

Zeist / Bunnik, the Netherlands, 13 August 2020 – Dutch pension fund administrator PGGM and Royal BAM Group are discussing the extension of the current partnership between PGGM and BAM PPP. The parties aim to continue their strong track record and explore opportunities to extend their partnership outside BAM’s European home markets to benefit from growth in the global PPP market.

Bunnik, the Netherlands, 10 August 2020 – Royal BAM Group nv has obtained a waiver from the providers of the revolving credit facility (RCF) which had been requested due to the possible breach of the recourse interest ratio covenant. This relates to fully drawing down the €400 million RCF in March 2020 and the earlier reported deterioration of the operating results in the first half of the year. As an additional precautionary measure BAM also obtained a waiver for the recourse leverage ratio covenant. Both waivers are valid for 12 months.

(Press release Scottish and Southern Electricity Networks (SSEN):) Perth, Scotland, 3 August 2020 - Scottish and Southern Electricity Networks (SSEN) Transmission has appointed the main contractors for the construction of the Shetland HVDC link and all associated infrastructure. The major contract awards follows the recent decision by the energy regulator, Ofgem, to grant final approval for the transmission link, with everything now in place for the start of main construction in late August.