Project Details

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Results Chart for Delivery Method and Financing

Delivery Method

DBOM Partially Public Finance
# of Projects: 1
100% of the Results

Background informationProject Created: July 1, 2009

Project Name: Queen Elizabeth II Bridge (Dartford Crossing)
Year in Operation: 1991
Sector: Transportation
Subsector: Bridge, Roads
Status: In Operation
Type: New Facility
Description: The cable-stayed bridge runs across the River Thames and is the southbound element of the Dartford Crossing toll road.
Delivery Method as described in the country where it's located: PFI (Private Finance Initiative)
Is the project still active: Yes
Comments: Referred to as PFI but similar to what is known as a PPP. This partnership appears to have a seperate designer and a construction company that will operate the facility for a number of years. NOTE: concession period unknown, bridge life span is 120 years.

Project Locations

Address:
City: London
State:
Country: United Kingdom of Great Britain & Northern Ireland

Address:
City: Dartford
State:
Country: United Kingdom of Great Britain & Northern Ireland

Address:
City: Thurrock
State:
Country: United Kingdom of Great Britain & Northern Ireland

Souces of Project Support (Non-monetary)

Checkbox Checked Access to Land: The land is owned by the government.
Checkbox Checked Revenue Stream (Cash Flow) Created Through Initial Commitment of Public Sponsor(s): 20 year concession put in place originally, subsequently changed from a "toll" to the private concessionaire to a "charge" collected by the operator on behalf of the government.

Souces of Project Support (Monetary)

Checkbox Checked

From Public (Government) Sources to Producers: 12 years into the concession, the "tolls" were converted to a "charge" collected by a substitute operator and passed through to the government. The facility is one of the few PFI or PPP projects in the UK collecting "real" charges from users.

Checkbox Checked

From Private Capital Markets Directly to Producers as Debt: The bridge was originally funded by a private consortium in return for a 20 year operating concession granted by the government.

Project Delivery & Finance Method

Project Delivery:
All Public Finance. Public Sponsor contracts for initial design, and separately contracts for initial construction. Public Owner operates and maintains the resulting facility.
Is there an independant checking engineer? No
Project Finance Method: All or Partially By Public Sponsor

Procurement Approach

Project Component
Qualifications
Based Selection
Request for
Qualifications
Request for
Proposals
Invitation
for Bids
Unsolicited
Proposals

Term for Key Components & Forms of Contract

Project Component
Years
Quarters
Combined Term: Initial Design, Construction, O&M Period
23
0
Forms
Description
 
 

Project Value (If and As Known)

Date of Estimated Project Value: August 1, 1988
Project Value
Hard Cost
Hard & Soft Costs
Total
< $200 Million US
(none)
Array ( )

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