The joint venture of Babcock, CH2M HILL and URS has now officially taken ownership of Dounreay Site Restoration Ltd.

The total anticipated contract value to BDP is expected to be in the region of £1.6bn. Babcock holds a 50% share of the jv.

BDP will now be responsible for taking the decommissioning programme at Dounreay to its interim end state and has set out an accelerated programme to achieve this between 2022 and 2025 (up to 16 years earlier than the 2038 date estimated two years ago) and reducing project costs by more than £1 billion.

Peter Rogers, Chief Executive of Babcock said: “We have established a world-class partnership and are looking forward to using our international decommissioning and site management expertise to complete this major decommissioning and closure programme.”