Bazalgette Finance PLC Annual Financial Report (0639E)

TIDM38LO TIDMTTM

RNS Number : 0639E

Bazalgette Finance PLC

05 July 2021

5 July 2021

Bazalgette Finance plc

PUBLICATION OF ANNUAL REPORT

Publication of Annual Report and Financial Statements for year ended 31 March 2021

Bazalgette Finance plc announces that the Annual Report and Financial Statements for the year ended 31 March 2021 for Bazalgette Finance Plc, Bazalgette Holdings Limited and Bazalgette Tunnel Limited have been published.

Copies of the accounts have also been submitted to the National Storage Mechanism and are available for inspection at:

http://www.rns-pdf.londonstockexchange.com/rns/0639E_1-2021-7-2.pdf

http://www.rns-pdf.londonstockexchange.com/rns/0639E_2-2021-7-2.pdf

http://www.rns-pdf.londonstockexchange.com/rns/0639E_3-2021-7-2.pdf

   --      2020/2021 was year of progress, despite pandemic restrictions 
   --      Three of five tunnelling sections now constructed 
   --      Project cost estimate remains at GBP4.1bn and completion date 2025 

The project was 63 per cent complete with 21km of tunnel constructed at the end of financial year 2020/21 - demonstrating marked progress towards completion of the underground phase of works.

Two more tunnel sections were completed during the year, taking the total to three (of five) and the permanent structures that will form the new riverside public realm, started to take shape.

In August 2020 the company published a revised estimate of its costs and overall schedule, taking account of the impact of the Covid-19 pandemic. At year end the estimated project cost remains at GBP4.1bn and the expected completion date is 2025.

For further information, please contact:

[e-mail]

[e-mail]

Taylor Geall 07813 450 682

Bazalgette Finance plc

Cottons Centre

Cottons Lane

London

SE1 2QG

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July 05, 2021 02:00 ET (06:00 GMT)