Carillion: Insolvency

(asked on 16th January 2018) - View Source

Question to the HM Treasury:

To ask Mr Chancellor of the Exchequer, what assessment he has made of the financial effect on the High Speed Two project of Carillion entering liquidation; and if he will he publish that assessment.


Answered by
Elizabeth Truss Portrait
Elizabeth Truss
This question was answered on 19th January 2018

HS2 Ltd has no direct contract with Carillion. Carillion was awarded two Main Works Civil Contracts as part of a joint venture with Kier and Eiffage, who have provided HS2 Ltd with assurances that, in the event of a member of the group being unable to deliver on its responsibilities, the remaining members, now Effiage and Keir, would fill the gap. HS2 Ltd is continuing to discuss with Kier and Eiffage the implementation of contingency plans. Work will continue as planned with no additional exposure to the taxpayer.

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