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In spite of recent forecasts showing that the infrastructure sector is set to decline over the course of the next year, while other subsectors within the wider construction industry take precedence now that political turbulence has ended, contracts themed around electrical connection infrastructure are set to soar.
According to recent market analysis by Glenigan, various large-scale projects, that have been organised over the course of the final quarter of 2019, are set to see the value of the electrical connection infrastructure subsector skyrocket in the foreseeable future.
Some noteworthy projects that Glenigan have quoted as evidence for their predictions include the London Power Tunnel Phase 2 Project which the National Grid has commissioned through a contract worth £400M and which spans over a period of six years, with the delivery of the tunnel set to be carried out by a joint-venture between Hochtief and Murphy.
Overall, the London Power Tunnel Project is set to have taken eight years and is valued at approximately £1Bn, construction entailing the digging of a 32.5km tunnel that will house electricity transmission cables running between Wimbledon and Crayford in the South East of London.
Another large-scale project within the subsector of electrical connection infrastructure is that of the Viking Link Interconnector Project which is a joint-venture between the National Grid and the Danish electricity provider Energinet to share electricity between Britain and Denmark via an interconnector network that will run between Jutland and Boston in Lincolnshire.
In terms of costs and activity, the project is valued at £1.1Bn and is set to be delivered over the course of 46 months once construction commences this month, with the entire project demanding the installation of 765km of cabling in Denmark, Britain, and across the North Sea by the joint venture contractors Siemens and NKT Cables.
Interconnector projects such as the Viking Link and the £40.2M NeuConnect Britain Project, which is set to connect electricity networks in Kent to Germany, has stabilised the civil engineering subsector through doubling the value of civil engineering contracts. For example, the value of contracts in the final quarter of 2019 doubled to £4.94Bn due to these types of projects alone.
Meanwhile, renewable energy projects such as the £30M Mannington Battery Storage Plant near Swindon and Cleve Hill Solar Park in Kent are also providing steady work.
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