Transport for London (TfL) has announced it intends to award the contract for the redevelopment of Tottenham Court Road Tube station to Taylor Woodrow Construction and BAM Nuttall Limited.

Main construction will get underway in early 2010.

In line with European procurement requirements, a minimum ten day standstill period will apply before the award of contract can be confirmed.

The total cost of redeveloping the Tube station is in the region of £500 million.

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Miles Ashley, Head of London Underground Station Capacity Programme, said: "By 2017, Tottenham Court Road will be one of the most important transport hubs in the West End as it will serve both London Underground and Crossrail. The Tube station will be extensively redeveloped to make the ticket hall around six times larger and the station will have twice the capacity than at present. Real progress is already being made on site with main construction set to start in early 2010."

In total, £1bn will be spent to upgrade the capacity of the Tube station, build a new Crossrail station and create a new piazza outside Centre Point. The transport improvements will also provide better facilities for pedestrians, cyclists, bus passengers and other road users.

A separate contract will be let by Crossrail in due course for the construction of the new Crossrail station at Tottenham Court Road which will connect to the Tube station.

(CD/KMcA)