A Laing O'Rourke/Costain joint venture is understood to be on the verge of securing the contract for the Bond Street Tube station revamp, calming fears that the £300m scheme would be a victim of the public sector spending cuts. The two firms, along with subcontractor Bachy Soletanche, is thought to have beaten off competition from a shortlist that included Balfour Beatty and a joint venture between Taylor Woodrow and Bam Nuttall.
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