Smart solution minimises traffic disruption during Menai Suspension Bridge repairs

With just two years to go before the 30-year PFI concession for the A55 Anglesey extension comes to an end, the final phase of works to repair and future-proof the historic Menai Suspension Bridge in north Wales has just begun. The post Smart solution minimises traffic disruption during Menai Suspension Bridge repairs appeared first on New Civil Engineer.

PFI jobs spur profit at Bouygues subsidiary

The UK civils and infrastructure arm of Bouygues subsidiary Equans has recorded an almost threefold uplift in pre-tax profit, driven by improved returns across its portfolio of private finance initiative (PFI) contracts. Equans E&S Infrastructure UK’s accounts for the year ending 31 December 2024 show… The post PFI jobs spur profit at Bouygues subsidiary appeared first on Construction News.

Kier could face £18.3m action after PFI firm settles with police

Administrators for a defunct private finance initiative (PFI) vehicle said they could move forward with an £18.3m legal claim against Kier over a police station completed 18 years ago. Administrators for Justice Support Services (North Kent) Ltd said in a progress report that they had… The post Kier could face £18.3m action after PFI firm settles with police appeared first on Construction News.

PFI contract ending and subdued demand see Henry Boot issue warning about 2026 profits

Firm said trading last year was in line with expectations

Why contractors should take a fresh look at PPP

Paul Deverill is head of PFI and PPP strategic advice at consultancy Ridge Deserved or not, public-private partnerships (PPP) often get a bad rap, particularly when they are assumed to be private finance initiatives (PFI) under a new name.  “This is the first time in… The post Why contractors should take a fresh look at PPP appeared first on Construction News.

Direct Procurement for Customers (DPC)

A procurement route for design, build, operate and finance where payments are taken directly from the customers bills in this case water and sewerage.

Phase 1 PFI Expiry Health Checks Learnings Report - Published by Infrastructure and Projects Authority

Expiry presents a significant risk to value for money and continuity of vital public services; and a significant opportunity to ensure assets instrumental in delivering essential public services are well maintained, resilient and fit for purpose beyond the term of the PFI contract. To support preparation for expiry the PFI CoE has established a programme of Expiry Health Checks (EHCs) to support PFI Contracting Authorities (CAs) in assessing their readiness for expiry.

How to avoid PFI contract expiry risks - Published by BCLP, Author Jennifer Varley

Private finance initiative (PFI) projects tend to be long-term, usually lasting for a period of 25 years or more. There is an active secondary market for equity interests in PFI projects: original project developers exit and new longer term investors hold projects to maturity. Notwithstanding this longer-term investment horizon, as time goes on, it is only natural that parties tend to focus more on day-to-day operations and portfolio management and less around the ultimate backstop of expiry.

Should we encourage a resurgence of PPP/PFI to deliver the infrastructure improvements needed in the UK?

What preparations should contractors, facilities managers, and supply chains take to be ready for the expiry of PFI concession periods?

Why do hospitals have so many issues during and post construction?