Concession awarded for Highways framework PPP in North London
A 50-50 joint venture between Tarmac and Kier has been awarded the Lot 2 contract of the Transport for London (TfL) Highways Maintenance and Project Framework to maintain and improve highways and related assets covering a 189km network in north London.
Selected firms will share an estimated £500 million (US$650 million) pipeline of work over eight years, with the potential to extend by an additional four. Mobilization is due to commence this month and the contract is due to start in April 2021. It can be accessed by TfL, London Boroughs, and other TfL group companies.
This project is part of the Highways Maintenance and Project Framework valued at £1.4 billion, covering different geographical areas in London, involving also:
- Central Area lot (£550m) awarded to Ringway, and
- South Area lot (£370m) awarded to FM Conway.
Country news
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