Question to the Department for Transport:
To ask the Secretary of State for Transport, what estimate has he made of the stake held by (a) BlackRock and (b) Vinci in HS2 Ltd’s major contractors; and if he will make a statement.
HS2 Ltd is directly in contract with:
- a Balfour Beatty / Vinci Joint Venture (BBV JV), for two packages of Main Works Civils Contracts; and
- a Balfour Beatty / Vinci / Systra Joint Venture (BBVS JV), for the Old Oak Common station construction partner.
They are both unincorporated joint ventures. HS2 Ltd has no contractual relationship with BlackRock.