The CVU joint venture of Colas, VolkerHighways and AECOM is understood to be pulling out of the London Highways Alliance Contract (LoHAC) road maintenance framework.
CVU was one of four winners of the eight-year framework in 2013.
It is used by local authorities across the capital in association with Transport for London with an estimated total workload of £2.6bn.
CVU secured the central region with other areas going to Conway/AECOM, Ringway Jacobs and Kier.
The Enquirer understands that CVU bosses broke their decision to TfL in a meeting earlier this week.
News that CVU is quitting three years early comes as the Mayor of London and TfL confirmed that cuts in government funding would mean a hiatus on non essential road repairs.
The mayor’s office said: “All non-essential road improvements have been paused for two years unless suitable funding can be found.
“So while TfL will ensure roads are kept safe, this lack of proactive work could lead to an increase in disruption on the roads with increased closures and speed, size and weight restrictions.”
CVU has been contacted for a comment.
from Construction Enquirer http://www.constructionenquirer.com/2018/02/22/colas-and-volker-to-quit-huge-london-highways-contract/
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