By Staff writer
The UK Highways Agency has announced that three construction and finance groups have been short-listed to bid for the M25 motorway design, build, finance and operate contract, which is worth up to US $9.2 billion (£5 billion) and will span over 30 years.
The successful groups are Amey, Laing O’Rourke and Ferrovial Agroman; Connect
Plus (Balfour Beatty, Skanska, Atkins and Egis Projects); and Flow (Vinci, Autoroutes Du Sud De La France, Laing Roads, Carillion, Costain, Ringway, Mouchel Parkman, Norwest Holst and Jacobs).
A statement from the executive agency of the Department for Transport said the final phase of tendering for this Private Finance Initiative contract is due to start early in 2007 and is expected to be awarded in 2008.
Subject to completion of the statutory procedures, work could start in early 2009.
The project is being offered as a single DBFO (design, build, finance and operate) contract and the successful bidder will be responsible for the phased widening of 63 miles of the M25 (most of the remaining three-lane sections) to four lanes in each direction between 2008 and 2016.
The contractor will also be required to keep the motorway and its structures in good condition over a 30-year period.