A tunnelling firm based in Newry, Co Armagh, has been selected to join a £57m office development in London to the London Underground.

Terra Solutions has been subcontracted by Hochtief UK to create two passenger tunnels between a ticketing office under Bloomberg's planned European headquarters and Bank Station, which is on the Waterloo and City line.

The company, which is being supported by Ulster Bank, will begin work on the contract this month, with the project due to be completed before summer 2016.

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Barry McAllister, Managing Director of Terra Solutions, said: "In order to reduce peak period congestion on the Waterloo and City line at Bank Station, Transport for London has reached an agreement with the developer of Bloomberg Place to construct a new ticket hall within its basement, providing an entrance/exit. These new passenger entrances will be formed by two 5.5m diameter tunnels, and Terra Solutions is delighted to have been appointed to carry out the specialist tunnelling works.

"We've worked closely with Ulster Bank for more than seven years, and they have supported our continued development and growth. As part of this latest project, Ulster Bank is providing us with increased facilities to help us meet the investment needed to complete such a major contract."

(CD/LM)