Ernst & Young to lead rail station overhaul
Ernst & Young beat off PricewaterhouseCoopers and KPMG to land Network Rail contract
Ernst & Young has beaten off competition from Big Four rivals PwC and
KPMG to land a Network Rail contract that will see the firm run a
multibillion-pound redevelopment of the Network Rail’s biggest stations.
The project will see some of London’s most important stations, including
Euston and King’s Cross, revamped in what insiders believe will involve billions
of pounds worth of work.
According to the Sunday Times Ernst & Young were awarded the
deal last week Friday after seeing off hot competition from KPMG and PwC.
Ernst & Young will be responsible for encouraging private investment in
the stations over the next decade, similar to the model used to develop the
Broadgate office complex built above the tracks leading into London Liverpool
Street.