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Highways England starts its market and supply chain engagement for two major transport projects under the new PF2 approach

Highways England starts its market and supply chain engagement for two major transport projects under the new PF2 approach
  • United Kingdom
  • Project and infrastructure finance
  • Transport

07-03-2018

Highways England are moving forward with the A303 Stonehenge project (A303) and the Lower Thames crossing (LTC) and will be starting their market and supply chain engagement in March 2018.

These projects are two of the largest in Highway England's Road Investment Programme and both represent major opportunities for international as well as domestic investors across the private financing and construction sectors. Each project will be procured separately with independent procurements.

The A303 project will include a new twin-bore road tunnel under the Stonehenge World Heritage Site as well as a bypass for Winterbourne Stoke and the improvement of junctions with intersecting roads. It is currently anticipated that this project will primarily comprise a privately financed design, build, finance & maintain contract.

The LTC project comprises two bored tunnels beneath the River Thames with interconnecting link roads to the M25, A13, and A2. It is currently anticipated that this project will primarily comprise both a publicly financed tunnel design & build contract and a privately financed design, build, finance & maintain contract in respect of the associated link roads, with associated enabling works.

Both projects will follow the UK government’s new PF2 approach. Eversheds Sutherland have wide experience advising both public and private sector across transport in the UK. We have recently advised the UK Infrastructure Planning Authority (IPA) on its revision of its guidance to UK Authorities on their implementation of PF2 schemes, giving us a unique position and insight into the approach of and constraints on the public sector when utilizing PF2 projects. 

For more details on these opportunities, please get in touch with Dominic Lacey, Head of Transport at Eversheds Sutherland.