pfi

05/12/2023

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.

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.

15/02/2022

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. 

10/11/2020

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.

04/02/2019

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.

09/11/2018

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.

13/07/2018

The Isle of Wight Council has launched a savings programme designed to cut up to £50m from the value of its highways PFI deal.

12/08/2013

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.

31/03/2011

Three council PFI-based highways maintenance projects worth £4.6bn have earned a Government funding green light after unearthing big savings.