£330million tube modernisation on the London Underground has seen 20 subcontractors and three consultants named after a major shake-up in the way it delivers station upgrade work, and UKDN Waterflow has been appointed one of the specialist subcontractors.
Rail drainage UKDN WaterflowTube bosses are now working directly with subcontractors on the £330m tube modernisation plan over the next seven years, that will see 70 London Underground stations being improved.
UKDN Waterflow has benefitted from the ‘Stake’ delivery model, a Treasury trial project under its Infrastructure UK office, that sees London Underground engaging with the contractors who actually do the work on-site.
UKDN Waterflow are looking to continue to work closely with London Underground to improve delivery, focussing on high quality work completed right first time, and providing better value for money.
This model sees simplified contract arrangements with London Underground, and provides UKDN Waterflow with a long term commitment that enables the company to continue to invest in the people, innovation and technology that has seen it at the forefront of rail drainage.
Notes for editors
- UKDN Waterflow provides water, wastewater, drainage and infrastructure services to four key market areas – Industrial and Commercial, Water and Sewerage, Rail and Major Infrastructure, and Insurance and Household. Operating across Britain
- UKDN Waterflow is run by an executive team led by Steve Shine OBE (Executive Chairman), Nick Harris (CEO), Kevin Mouatt (COO) and George Shannon (CFO)
- UKDN Waterflow’s comprehensive portfolio of services covers above, below and internal asset management services and project work that ranges from household plumbing and drainage repairs for insurance companies, complete asset management programmes for regional and national estate managers, to multi-million pound infrastructure projects for rail, highways and airports.
- UKDN Waterflow is backed by independent mid-market private equity investor Lyceum Capital, who specialise in buying and building companies that operate in the UK mid-market.