Tender issued for USD695 million Mixed-use development PPP project in UK

Subscribe to our newsletter and get the latest news and business opportunities in your inbox
Tender issued for USD695 million Mixed-use development PPP project in UK

The London Borough of Redbridge in the UK has launched a tender notice seeking to establish a joint venture (JV) between the Council and a development partner (PSP) for the Ilford Western Gateway development project. The Western Gateway site will deliver 900 new homes with excellent amenities and services, well-connected and attractive and green spaces, and 800sqm of commercial and community spaces, so local shops, restaurants, and community groups located in the center of Ilford city.

The Ilford Western Gateway plans aim to redefine the arrival into Ilford, establish a garden quarter, and create a public realm that rebalances the currently car-dominated environment. The garden quarter will include pedestrianized town squares, walking, and cycling routes, and an array of trees and shrubs to help improve air quality. The total investment of the project is expected to GBP500 million (USD695.16 million)

The Council and PSP’s interest is in the JV will be established through the procurement process but as set out in the Key Commercial Principles document and draft contract documents, it is envisaged that both partners will hold an equal equity interest and will jointly make decisions to drive forward the delivery of the site.

The deadline to submit the bids is August 09, 2021. For more information about this tender, visit our business opportunity page here.

List of country news

Country news

  • June 29, 2021

    Tender issued for USD298 million Hydrogen hub PPP project in UK

    Aberdeen city council in UK has launched a tender notice seeking a strategic partner to form a long-term joint venture with the Council (Aberdeen Hydrogen Hub Strategic Partnership) to support City's Hydrogen Hub and Net Zero Vision.

    Read more
  • June 07, 2021

    Preferred bidder selected for USD2.12 billion Campus innovation project in UK

    The University of Manchester has announced Bruntwood SciTech, the UK's property provider, as a preferred bidder to deliver the ID Manchester PPP project. 

    Read more
  • May 03, 2021

    Kier Highways awarded an extension on multibillion highway PPP project in UK

    Kier Highways has been awarded a six-month extension from Birmingham Highways Ltd (BHL) on its Birmingham Interim Services Contract (ISC). The extension will run until 30 December 2021.

    Read more
  • April 30, 2021

    Assured Guaranty wraps US$456 million bond for Hospital PPP project in UK

    Assured Guaranty has guaranteed scheduled principal and interest payments on GBP327 million (US$456.13 million) of index-linked secured bonds raised in the public market by QAH Finance Plc.

    Read more
  • April 28, 2021

    Tender issued for US$780 million Cancer centre PPP project in UK

    Velindre University NHS Trust has opened a tender seeking interested partners for the design, construction, finance and maintenance of the New Velindre Cancer Centre project in Whitchurch, North Cardiff.

    Read more

Share this news

Join us

In order to get full access to News section, you must have a full subscription. You can check all the benefits of becoming a member and purchase a subscription on our membership page.