Sunderland Echo

Talks continue into future of Vaux site

- By Fiona Thompson fiona.thompson@jpress.co.uk Twitter: @fionathomp­sonjp

Discussion­s are continuing in the hope work will restart on the redevelopm­ent of the Vaux site “as a matter of urgency” in the wake of the Carillion collapse.

Sunderland City Council says talks are continuing between its officials, Siglion – the company it launched with the nowfailed constructi­on firm – and liquidator­s Pricewater­houseCoope­rs (PwC).

Work on the building – at the former brewery site – stopped last Monday when contractor Carillion went out of business.

Councillor Harry Trueman, council deputy leader, said: “The collapse of Carillion only affects constructi­on of Phase 1 of the Vaux Developmen­t.

“The council and Siglion are in dialogue with the liquidator­s PwC to legally expedite, as a matter of urgency, alternativ­e arrangemen­ts for the resumption of constructi­on of Vaux Phase 1 at the earliest opportunit­y possible.”

John Seager, Siglion chief executive, added: “Vaux is a hugely significan­t developmen­t for Sunderland, unallow derstandab­ly there has been some concern about what the liquidatio­n of Carillion means for the future of the site.

“We have to follow the direction of liquidator PwC in terms of what we can and cannot say at this time, but we do wish to reassure people that we are doing everything in our power to ensure that work resumes on site as quickly as possible.

“We have been working tirelessly on the process to us to move forward as quickly as possible whilst maintainin­g continuity in terms of the sub-contractor­s involved and the overall quality of the developmen­t.

“Our absolute priority remains to deliver a developmen­t that the city can be proud of.”

He added that Siglion is not inviting approaches from companies looking to take over work on site at this time.

Conservati­ve members on the council will ask about Vaux and other Siglion plans, including Seaburn’s regenerati­on, at a full council meeting tonight.

Group leader Councillor Robert Oliver said: “Residents need to be reassured that the contract drawn up with Carillion does protect the initial investment and that a new contractor can be agreed without a financial penalty.

“We would urge the council to keep in close contact with the receivers, PWC, and ensure transparen­cy as regards the agreement that led to the formation of Siglion.”

 ??  ?? John Seager, chief executive of Siglion.
John Seager, chief executive of Siglion.
 ??  ?? Work stopped on the building work under way at the former Vaux site off St Mary’s Way last week.
Work stopped on the building work under way at the former Vaux site off St Mary’s Way last week.

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