Infrastructure and major projects
Anticipation has been building since the IPA announced that it would issue practical guidance to contracting authorities (CAs) on managing PFI expiry and service transition. CAs have been understandably anxious to understand how they should best approach the handback challenge. At the same time, the private sector has been keen to understand the proposed approach […]
The PFI Handback team have opened a survey to get full insight into the PFI market from both the public and private sector viewpoint. If you are an investor, FM organisation, or public sector body, or anyone with an interest and insight into PFI/PPP assets, please do take part. The survey can be completed confidentially, […]
The Department for Transport announced, earlier this month, a change in its position over the timetable that local transport authorities have been working to in creating a new form of partnership with bus operators providing passenger services in their area. All authorities with transport functions across the country (with the exception of franchise pursuing Greater […]
Many assume that an appropriate level of resourcing, robust contractual knowledge, and a touch of negotiating guile, will result in successful contract expiry and inheritance of the relevant assets – and the Trust’s business can continue as normal, focussing on delivering frontline services. However, the implications of inheriting an expired PFI asset are not that […]
In our previous article we addressed some of the common themes Trusts face with contract expiry though it doesn’t end there. In this article we consider some further themes that the Trust also needs to be alive to. Potential scope to extend the contract You are backed in a corner, time is running out, you […]
Introduced by the Bus Services Act 2017 (the “2017 Act”), Enhanced Partnerships (“EP’s”) build upon previous arrangements in the sector including voluntary partnerships or more formal statutory partnerships implemented under earlier legislation. An EP will be initiated by a sponsor Local Transport Authority (”LTA”). The project can involve other local authorities including those having just […]
So it was music to our ears to hear the announcement in March’s budget that the Government will create eight new Freeports in England. Businesses are set to benefit from more generous tax reliefs together with wider government support. If the Government’s aspirations are to be realised there will be simplified custom procedures, more investment, […]
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