Brum keeps shtum over funding axe reasons05/12/2023 Birmingham City Council has received a document setting out ministers’ reasons for pulling funding from its £2.7bn highways Private Finance Initiative (PFI) contract but has refused to disclose it. |
Government axes Brum's £2.7bn PFI deal in shock 'betrayal'01/12/2023 Birmingham City Council's leader has accused the Government of 'betrayal' by axing the authority's £2.7bn highways Private Finance Initiative contract, in a move that could lose the authority more than £500m of roads investment. |
Contract notice published for £1.15bn Birmingham PFI deal15/02/2022 A £1.15bn PFI contract notice for highways services in Birmingham has been published, launching one of the largest procurement races in local government roads. |
Private financing pays for £550m Heads of the Valleys section10/11/2020 The Welsh Government has awarded a major road widening contract, which will use private finance and is estimated to be worth more than half a billion pounds. |
DfT confirms Treasury will need to pay for Stonehenge and Lower Thames Crossing04/02/2019 The Department for Transport has confirmed it expects to receive billions in cash from the Treasury under the next Spending Review to pay for the Stonehenge tunnel and associated works on the A303, and the Lower Thames Crossing. |
Exclusive: O'Sullivan - Stonehenge and Lower Thames must be publicly financed or delayed09/11/2018 In one of his first interviews since the Budget, Highways England chief executive Jim O'Sullivan told Highways it was too late to find a new private finance model for the Stonehenge and Lower Thames Crossing schemes if they are to open on time. |
Isle of Wight seeks £50m cuts from PFI deal13/07/2018 The Isle of Wight Council has launched a savings programme designed to cut up to £50m from the value of its highways PFI deal. |
Eurovia and Aggregate to supply materials for Isle of Wight12/08/2013 Eurovia and Aggregate Industries have entered into a joint venture that will see the company supply materials on the Isle of Wight and service the Island’s highways PFI. |
£4.6bn PFI maintenance contracts to go ahead31/03/2011 Three council PFI-based highways maintenance projects worth £4.6bn have earned a Government funding green light after unearthing big savings. |
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