Birmingham Highways is starting its search for contractors to run the existing part of its PFI deal which runs until 2035.
The company was set up to finance, rehabilitate, operate and maintain the city’s highways, following Amey’s withdrawal earlier this year and the end of Kier’s interim deal.
The new subcontract should be worth up to £1.2bn, reports Construction Enquirer, with bidding due to start for the contract in January, with a successful bidder named to start work in August 2023.
Birmingham Highways Limited, which is owned by Equitix and Pensions Infrastructure Platform, are set to work together on a forthcoming market testing with prospective bidders.
Firms wishing to take part in the market testing exercise or wish to express interest in taking part in the ensuing procurement process should email Michael Murray at Equitix.