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| 01/08/2012 |
Sheffield's £2bn Highway Maintenance PFI Project Reaches Financial Close |
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Sheffield City Council's £2 billion Highway Maintenance PFI Project has reached financial close with Amey, its private sector contractor for the 25 year contract.
Amey will now be tasked with delivering one of the biggest highways projects in the country and providing the improvements which are needed to support the Council’s ongoing plans for the regeneration of the city. They will be responsible for bringing Sheffield’s highway network up to a high standard within the first 5 years of the contract and then maintaining that standard for the remaining 20 years of the contract.
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Councillor Jack Scott, Sheffield City Council’s Cabinet Member for Environment, Recycling and Streetscene said: "Reaching financial close and securing the funding from the Government’s Department for Transport is an important milestone in the project. This now means that we are even closer to providing Sheffield residents with the improved roads, pavements, bridges and streetscene they deserve.
"This project is a key priority for the Council and the people of Sheffield. This huge investment will provide us with a highway network and streetscene that will be the best in the country within five years."
The contract will see Amey improving and maintaining the city's highway assets as well as providing street cleaning and grounds and tree maintenance and carrying out all winter maintenance duties.
(CD/GK) |
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