Solihull to terminate PPP contract
Solihull Council (UK) has announced it decision terminate its PPP contract with Rivendell Leisure, a subsidiary of Equitix, to deliver its leisure services.
Parkwood Community Leisure, who had been subcontracted by Rivendell to run Tudor Grange and North Solihull leisure centres, will continue to deliver the leisure services under a new interim contract with the Council.
The scheme involved the construction of a brand new leisure centre at Tudor Grange Park, replacing an old facility and also the refurbishment of North Solihull Sports Centre. It has a capital value of £14 million (US$18.5 million).
Whilst the Council remains happy with the services being provided, it is this contract structure that the Council is seeking to change in order to achieve maximum financial value for the local authority moving forwards.
The Council has started a retender process in order to secure a better financial arrangement for its tax payers and it has already had successful initial engagement with the leisure market. The aim is to select an operator by the end of March 2018 to take on a new management contract for the centres from June 2018.
It is anticipated that Parkwood Community Leisure will bid along with other specialist leisure management operators for the new contract
In the meantime current services will continue as normal and leisure centre users will not be affected.
Country news
-
-
August 01, 2017
Five shortlisted for £4 billion Euston Station regeneration
HS2 has published the names of the bidders in the running to win the Euston Master Development Partner contract.
Read more -
July 31, 2017
Borealis and USS acquire stake in Thames Water
Borealis Infrastructure, the infrastructure investment manager of OMERS, the pension plan for municipal workers in Ontario, Canada, has announced the purchase of an additional 5.5% interest in Kemble Water Holdings Limited, the ultimate holding company of Thames Water Utilities Limited, from AMP Capital.
Read more -
July 20, 2017
Macquarie to sell holding in National Car Parks to Park24
Macquarie has announced that Macquarie European Infrastructure Fund II (MEIF2) has agreed to sell its 100 per cent interest in National Car Parks Limited (NCP) to a consortium of Park24, a listed Japanese strategic buyer and Development Bank of Japan Inc. (DBJ), a Japanese government-owned financial institution.
Read more -
July 18, 2017
Equitix and InfraRed acquire UK's High Speed 1
Borealis Infrastructure, the infrastructure investment manager of OMERS, and Ontario Teachers' Pension Plan have announced they have entered into a definitive agreement to sell High Speed 1 (HS1) to a consortium comprising funds advised and managed by InfraRed Capital Partners and Equitix Investment Management.
Read more -
July 18, 2017
Welsh health partnership tendered
Carmarthenshire County Council has issued a contract notice for the largest ever regeneration project in South West Wales, UK. The Authority seeks to find a partner or partners with whom it will undertake the delivery of the Llanelli Wellness and Life Science Project under PPP scheme.
Read more
