Transport for London publishes PIN for Silvertown tunnel road PPP project
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Transport for London (TfL), a local government body responsible for most aspects of the transport system in Greater London, has published a prior information notice (PIN) for the Silvertown tunnel road public private partnership (PPP) project.
The selected bidder will be responsible for the design, build, finance and maintenance of the new tunnel. The proposed concession would have a period of around 30 years.
The project involves the development of a new river crossing between Silvertown and Greenwich Peninsula in east London. The river crossing will comprise of a twin bore road tunnel alongside Blackwall Tunnel with connections to the A1020 Silvertown Way/Lower Lea Crossing at the north and to the A102 Blackwall Tunnel Approach at the south. It is expected that the new infrastructure would, among others:
- cut down on queuing at the Blackwall tunnel
- include user charging at the Blackwall and Silvertown tunnels to manage demand and provide a source of revenue to help build the new tunnel
- provide an opportunity to create new cross-river bus links in east London
- improve road connections to and from Docklands and east London from south London
The total project investment is estimated at £750 million (US$1.078 billion). It is proposed that user charging will be applied to manage congestion and help fund the scheme.
TfL is planning to hold an industry day on the morning of Wednesday 11.5.2016 at a venue in east London. The purpose of the event is for TfL to engage with potential bidders to outline the scope, objectives and programme for the forthcoming Silvertown tunnel opportunity.
Interested parties are required to register their interest to participate in the industry day by 17:00 on Friday 8th April via the following link; http://www.cvent.com/d/wfqxfq.
The Silvertown tunnel project is part of the east London River Crossings Programme. The programme is overseen by a Sponsor Group, chaired by the Managing Director of TfL Planning and attended by senior managers from TfL Strategy and Planning, Surface Transport and Corporate Finance.
See PIN:
http://ted.europa.eu/udl?uri=TED:NOTICE:82170-2016:TEXT:EN:HTML
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