Reconstruction of 27 miles of dual 3-lane highway between Junctions 4 and 11 of the M6.
Delivery Method as described in the country where it's located:
Public Private Partnership
Is the project still active:
PFI. The roadway is referred to as the first free-standing UK tolled motorway DBFO entirely by the private sector.
United Kingdom of Great Britain & Northern Ireland
Souces of Project Support (Non-monetary)
Access to Land: The land is owned by the Crown government underneath the Department for Transport (DfT) and the Highways Agency.
Revenue Stream (Cash Flow) Protected Through Long Term Commitment(s) of Public Sponsor(s): The private sector entity will operate and maintain the roadway for a concession period of 53 years, during which they will collect tolls from motorists.
Souces of Project Support (Monetary)
From Public (Government) Sources to Producers: The project will be financed through the collection of tolls.
Project Delivery & Finance Method
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 independent checking engineer? Yes
Project Finance Method: All By Private Sponsor
Qualifications Based Selection
Request for Qualifications
Request for Proposals
Invitation for Bids
Term for Key Components & Forms of Contract
Combined Term: Initial Design, Construction, O&M Period