New York rail experts are favourites to win HS2

Project manager Parsons Brinckerhoff is favourite for the development partner role on the proposed £32bn High Speed 2 rail link from London to Birmingham.

There are four bidders for the job, including London 2012 Olympic construction programme managers Mace and CH2M Hill, but Parsons Brinckerhoff's rail expertise is thought to have given the New York-based company the edge. An announcement on the £50m-£70m contract is expected in the new year.