Colas withdraws A465 MIM project bid
UK Highway and Airport contractor, Colas, has withdrawn from the tender process for the Welsh A465 mutual investment model (MIM) project in South Wales, UK.
In August 2018, Welsh Government launched a tender for the development of GBP500 million (US$656.5 million) A465 Heads of the Valleys dualling project under a new PPP model to structure the project, the Mutual Investment Model (MIM).
The tender seeks to award a contract for the design, construction, finance, operation and maintenance of Sections 5 and 6 of the A465 Trunk Road between Dowlais and Hirwaun, located in south Wales. 17.7km of existing three-lane single carriageway are to be upgraded to dual two-lane carriageway.
According to sources, after the withdrawal of Colas, the rest of the team is trying to find a replacement to proceed with the bid.
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