Call-up for £7.3bn private finance road tunnels plan

Aaron Morby 4 years ago
Share

Highways England is calling up industry finance and construction experts to kick-start plans to privately finance its two biggest planned road tunnel schemes.

Northern portal of two-mile long dual carriageway crossing between Tilbury and Gravesend
Northern portal of two-mile long dual carriageway crossing between Tilbury and Gravesend

The first of several industry consultation days will be held in March to float a new model of public and private financing of the A303 Stonehenge tunnel and the Lower Thames Crossing project.

These projects are two of the largest in Highways England’s Road Investment Programme and are being advanced as ideal candidates for design, build, finance and maintenance contracts.

The £1.3bn A303 project includes a new twin-bore road tunnel under the Stonehenge World Heritage Site, as well as a bypass for Winterbourne Stoke and the improvement of junctions with intersecting roads.

It is currently anticipated that this project will primarily comprise a privately financed design, build, finance and maintain contract, and some associated enabling works.

The £6bn LTC project comprises two bored tunnels beneath the River Thames  between Tilbury and Gravesend with interconnecting link roads to the M25, A13, and A2.

This project could be split into a publicly financed tunnel design and build contract and a privately financed design, build, finance and maintain contract covering the associated link roads, with enabling works.

Further information is available by emailing Lesley Cole at Highways England, with firms registering an interest in attending the day by 26 January.

  • For more information on the Lower Thames Crossing project, click here.
  • For information on the A303 Stonehenge project click here.

 

Latest news

Cruden takes first job at £1.3bn Edinburgh Waterfront scheme

Preferred bidder named for first 750 net zero homes at new Granton Waterfront coastal town
35 mins ago

Tolent seals £40m Newcastle ‘future-living’ housing job

135-home Vaux scheme will be first of four neighbourhoods totalling 1,000 homes
36 mins ago

Trio of student towers to be built at Brent Cross Town

Ground works under way with main contractor due to be appointed next month
13 mins ago

Keltbray gets start date for £50m motorway upgrade

Contractor hails "significant step forward" for highways business
19 hours ago

Site workers settle for 5% pay increase

Contractors and unions agree one-year deal following months of talks
2 days ago

Rising wages and skills gap to overshadow materials issues

Materials and product Inflation tops 20% so far this year, but labour set to be next big headache
23 hours ago

Erith pays £2.8m bonus to staff after ownership switch

Around 450 staff have on average received over £6,000 since move to employee ownership five years ago
24 hours ago

Algeco lands £19.2m Leeds modular school scheme

Offsite specialist will supply and install 192 steel frame modules
24 hours ago

Eight firms placed on £750m Midlands and Eastern framework

Next generation framework for jobs up to £7.5m employs a parallel plotting structure
24 hours ago

Aston Villa unveil plans for £100m stadium expansion

Construction set to start next year on first phase of Villa Park upgrade
23 hours ago

Skanska bans ‘swing-up’ lorry loaders after site death

Banned vehicles are used mainly to deliver bulky items like cabins and welfare units
2 days ago

HS2 agrees £78m variation on Euston tunnels cost

Skanska Costain Strabag seals extra payment for agreed changes to the scope of work
2 days ago

B&K breaks ground at £150m Newcastle HMRC job

Work gets underway on city's largest ever office project
2 days ago

New building safety laws come into force today

Leaseholders protected and new regulator for construction product manufacturers in wake of Grenfell
2 days ago

Peel submits plan for £150m cannabis production plant

Isle of Man seeks to become a leader in the emerging medicinal cannabis sector.
2 days ago

Tarmac buys first electric concrete mixer truck

Country's first battery powered mixer truck will start site deliveries this Autumn
2 days ago

Tilbury Douglas wins Dorset hospital upgrade

Construction could start in 2024 after Dorset County Hospital secures £77.3m of funding
3 days ago

McGee in £2.4m provision for bid-rigging probe

Demolition contractor says provision will cover the expected fine over cover pricing ring
3 days ago

First designs for £275m HS2 Midlands nerve centre

Contractor due to be named in Autumn next year for Washwood Heath hub
3 days ago

London Bankside Yards next project switches from resi to offices

Revised plan submitted for 18-storey office next to Blackfriars Bridge
3 days ago

Plans in for Cambridge North major mixed-use scheme

Over 400 homes and nearly 600,000 sq ft of office and shops planned for railway sidings site
3 days ago

Barratt falls foul of planners on £25m estate

Council acts after residents complain about construction deliveries
3 days ago

VolkerHighways and WJ Group shot blast roads with steel

Latest retexturing technique provides benefits all round
3 days ago

Ten demolition firms named in cartel probe

Biggest names in demolition face massive fines over "unacceptable" behaviour on 19 contracts worth over £150m
6 days ago

Imtech vows to avoid big resi jobs after return to profit

Engineering services arm puts trio of loss-making residential jobs behind it
6 days ago

Sisk replaces Morgan Sindall on £1bn Midlands Highways Alliance

Four firms secure places in Midlands framework renewal race
7 days ago

Winvic wins Bristol Redcliff Quarter 468 flats job

Grainger buys planned build to rent project and brings in Winvic to start this Autumn
6 days ago

Peel takes on Wirral Waters after Urban Splash modular collapse

Developer is reviewing whether to return to traditional build methods after modular specialist collapse
6 days ago

Kier launches £80m JV to build 2,000 homes by 2027

Property arm JV with Lloyds fund to develop housing on urban brownfield sites
1 week ago

Mace chief Reynolds replaces Mitchell at CLC

Mark Reynold takes over as co-chair of the Construction Leadership Council
7 days ago

Contractor services