UK to review private finance initiative contracts
The government of the UK has launched its financial budget of 2020 on March 12. The budget includes a review of the private finance initiative (PFI) contracts for infrastructure projects.
The government has retired the PFI and PF2 models for the infrastructure, but there are nearly 600 existing PFI contracts in England. The government will now focus on making sure they are well managed and represent value for money and will allocate GBP 2 million (US$ 2.45 million) in 2020-21 to carry out targeted contract reviews.
Country updates
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March 13, 2020
TfL confirms contract costs for Silvertown Tunnel project
Transport for London (TfL) in the UK has confirmed that the construction cost for the Silvertown tunnel project has not raised from GBP 1 billion (US$ 1.28 billion) to GBP 1.2 billion (US$ 1.54 b...
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March 13, 2020
Tender launched for housing regeneration project in Richmond
Richmond Housing Partnership Ltd in the UK has issued a tender notice seeking a development partner with whom they will deliver the regeneration of Ham Close, a residential estate in Richmond, Lo...
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March 10, 2020
EOI launched seeking private developer for Mental Health Trauma Centre in Portsmouth
Solent NHS Trust in the UK has launched a request for expressions of interest (RFEOI) seeking potential partners who have the appropriate financial standing, background and technical and clinical expe...
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March 10, 2020
PIN issued for Sunderland smart city PPP project
Sunderland city council in the UK has issued prior information notice (PIN) for the smart city project. The project includes development and control of connectivity assets and invest in the...
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March 06, 2020
Financial adviser appointed for A9 Dualling programme in Scotland
Transport Scotland in the UK has appointed PricewaterCoopers (PwC) as a financial advisor for the A9 dualling programme. The programme involves the upgrade of approximately 80 miles of the existi...
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