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Bouygues has been appointed preferred contractor for phase three of the prestigious redevelopment of Battersea Power Station - a contract expected to be worth in excess of 拢1bn.

Phase three, located immediately south of the Grade II*-listed power station, is residential-led, with buildings designed by Foster and Partners and Gehry Partners.

Carillion is currently on site on phase one, while Skanska is on site on phase two - the restoration and redevelopment of the power station itself.

Rob Tincknell, chief executive of client Battersea Power Station Development Company (BPSDC), described the appointment of Bouygues UK as a 鈥渕ajor milestone鈥� for the overall project, increasing the total area under construction to five million ft2.

Tincknell added: 鈥淏ouygues UK demonstrated an impressive approach to the project and had a clear ability to address the challenges of the current London market, resulting in the best cost and programme outcomes.鈥�

Madani Sow, chief executive and chairman of Bouygues UK, said: 鈥淲e are honoured, and excited, to have been chosen to deliver Phase 3 of the Battersea Power Station project - one of the most iconic construction projects in Europe at this time.鈥�

Work is expected to start on the northern half of the Phase 3 site in Q1 2016 and conclude in 2019, with works on the southern half commencing in 2018 and concluding in 2020, in parallel with the opening of the Northern Line Extension.