Author Archives: Belinda Smart

Snowy 2.0 in ‘reset’ as cost blowout sees budget top £6bn


Australia’s Snowy 2.0 hydroelectricity scheme has undergone a ‘reset’ of its contract model and scope after updated figures revealed it will cost six times more than originally planned.

Snowy 2.0 in New South Wales is being built by Future Generation (FGJV) – a joint venture between Webuild, Australian firm Clough and…

Thames Tideway ‘super sewer’ cost holds steady at £4.5bn


Tideway, the company building London’s new super sewer Thames Tideway, has released its latest annual report, confirming the capital cost of the project remains £4.5bn, as reported in April.

Tideway confirmed the figure in its financial results for the year ending March 2023, detailing a year in which almost all underground…