Contract signed for USD1.38 billion mixed-use development PPP project in UK
Cheltenham Borough Council has signed the concession contract with HBD X Factory for the first phase of the Golden Valley Development located in Cheltenham. HBD X Factory is a joint venture between UK property developer Henry Boot Developments (HBD) and the international innovation campus developer Factory. The estimated investment value for the project is GBP1 billion (USD1.38 billion).
The project will include the development of a 150,000 sq. ft National Cyber Innovation Centre in West Cheltenham. Golden Valley Development will span over 200 hectares and will provide 3,700 new homes, almost 12,000 new jobs, and 2 million sq ft of commercial space with Cyber Central UK at the heart of this thriving innovative campus for cyber and digital technologies.
The project has received a GBP22 million (USD26.03 million) investment from GFirst LEP to improve transport infrastructure surrounding the Golden Valley Development site, a further GBP180 million (US$212.99 million) funding available for the delivery of high-quality homes and GBP249 million (US$294.64 million) of Government investment being delivered by Gloucestershire County Council.
Country news
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July 15, 2022
Contract signed for USD1.38 billion mixed-use development PPP project in UK
Cheltenham Borough Council has signed the concession contract with HBD X Factory for the first phase of the Golden Valley Development located in Cheltenham.
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July 12, 2022
Tender issued for USD1.2 billion Mixed-use development PPP project in UK
Homes England and Network Rail have launched a tender notice seeking a private partner to deliver a transformational mixed-use quarter of York City Centre, England, UK.
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June 27, 2022
Tender issued for USD2.45 billion water tunnels PPP project in UK
The United Utilities Water Limited (UUW) has issued a tender notice seeking a private partner for delivery of the Haweswater Aqueduct Resilience Programme (HARP) scheme in Warrington, UK.
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June 23, 2022
HVT Applied Research Programme seeks Research Suplier for HDM-4
The High Volume Transport (HVT) Applied Research Programme is seeking a Research Supplier for the Highway Development and Management Model Version 4 (HDM-4).
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June 20, 2022
Falkirk to take ownership of USD366.77 million high school PPP projects in Scotland
Falkirk Council in Scotland has announced the possible ownership transfer of the five high schools developed under a public-private partnership (PPP) contract in Falkirk, Scotland, UK.
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