Problems on mixed-use job sees price tag jump 拢16m

The cost of ISG鈥檚 contract to revamp Waterloo鈥檚 former International Eurostar Terminal has jumped by nearly 40% because of leaking roof.

Developer London and Continental Railways (LCR) said the 拢16m hike in price was down to dilapidation works relating to 鈥渃ertain asset management decisions, related to a roof leak鈥�.

Waterloo Eurotunnel revamp

How the retail scheme will look when completed

ISG won the job two years ago to turn architect Grimshaw鈥檚 glass-roofed structure into a retail, leisure and cultural development.

The firm began work last spring to revamp up to 135,000ft2 of space at the former terminal, which was the London station for Eurostar services to and from the continent for 13 years before the railway鈥檚 terminal was relocated to St Pancras in 2007.

But in a notice posted on the Official Journal, LCR revealed costs on the job had gone up from 拢41.7m to 拢57.7m.

It said: 鈥淚t has become necessary for dilapidation works to be carried out to certain enabling works previously carried out on the site by another contractor.

鈥淚t was not possible for LCR to have foreseen that these dilapidation works would become necessary as neither LCR nor ISG could have entered the site during the previous contractor鈥檚 occupation鈥�.

ISG is now having to remedy the dilapidation works, carried out by an unnamed contractor, at a cost of 拢4.5m.

It said that the site鈥檚 management suite, control room, staff welfare facilities and a waste compactor would have to be relocated due to the dilapidation works, and a toilet entrance would also need to be altered. Additional demolition work was also increasing the cost, it said.

The scheme, part of a wider 拢200m transformation of Waterloo station, had been due to complete in early 2021. A revised schedule has not been announced.

A total of 40 new units will be created across three floors, including a new mezzanine level, and will sit below the existing platforms.

The wider project team includes Arcadis as project manager, contract administrator and structural engineer, architect Corstorphine + Wright, services engineer QODA and cost manager RPS.

An LCR spokesperson said: 鈥淲e are currently working through a programme of modifications to our original design. All of the changes will ultimately help to deliver a better experience for our customers and staff.鈥�

ISG declined to comment.

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