About Riverlinx
TfL awarded Riverlinx SPV (Special Purpose Vehicle) the contract for financing and overseeing the design, build and maintenance of the Silvertown Tunnel in 2019.
The Riverlinx CJV (Construction Joint Venture) is contracted by TfL and Riverlinx SPV to complete the design and construction works, delivering the Silvertown Tunnel on time and on budget.
Riverlinx CJV is a joint venture, a partnership bringing together international, market leading expertise from three civil engineering and construction companies: BAM Nuttall, Ferrovial Construction and SK ecoplant.
In collaboration with TfL, our supply chain and other key stakeholders in the project, Riverlinx CJV will complete construction of the Silvertown Tunnel in Spring 2025.
How is the scheme funded?
TfL is not paying the upfront construction costs. Instead, Riverlinx SPV will deliver the Silvertown Tunnel with private finance and will be repaid after construction is complete, over a period of 25- years. During this time, Riverlinx is responsible for maintaining the new tunnel, operating its systems and responding to incidents.
Riverlinx payments are linked to performance during this period, not traffic levels. Riverlinx has no role in managing traffic or the user charging for the scheme. TfL expects the revenue from user charging will cover the costs of repayments to Riverlinx, and potentially generate a surplus that would be reinvested in London’s transport network.
Managing a complex scheme
Riverlinx started construction of TfL’s Silvertown Tunnel in 2020. Each partner brings expertise and experience throughout the lifecycle of the project – including finance; design, construction, operations, and maintenance of major complex infrastructure works, from some of the most complex tunnelling projects around the globe. We use digital construction to support collaboration and use sustainable construction materials and methods.
Riverlinx shares and learns from best practice across the engineering and construction industry, leading and applying innovations, modernising the way we work, to improve safety and achieve a predictable performance.
The values that underpin how we operate are:
Excellence We will deliver world-class infrastructure on time and on budget.
Integrity We are committed to being a good neighbour and leaving a positive legacy.
Proactive Ownership We take the initiative to prevent problems, improve and innovate, sharing best practices as we go.
Predictable Performance We deliver what we promise.
Warm & Professional We are active and approachable community members.