Mazars’ project finance team expands in response to assurance market growth

November 17, 2008

International accountancy firm Mazars has strengthened its project finance team following a series of wins in project advisory and financial model audit assignments across Europe. The growth reflects an increasing demand for assurance services from funders and project sponsors in the current economic climate. Jerome Brice has been promoted to partner and will head up…

Allocation and management of risk in Ministry of Defense PFI projects

November 17, 2008

The National Audit Office recently released the following report: Allocation and management of risk in Ministry of Defence PFI projects For access to the Report please visit the National Audit Office website: The IPFA would like to acknowledge the National Audit Office for permission to use this report on our website.

Bilfinger Berger appointed Preferred Bidder for Staffordshire Fire and Rescue Service Project

November 12, 2008

Staffordshire Fire and Rescue Service has announced that Fire Support is their preferred bidder to take forward their £46million private finance initiative project.  Fire Support is a consortium led by Bilfinger Berger Project Investments, consisting of Nord LB and building contractors Thomas Vale and Stepnell. Cofathec will provide facilities management services and 3DReid, dac and…

Liefkenshoek PPP reaches financial close

November 7, 2008

BELGIUM: Work is to start on November 12 on construction of the Liefkenshoek Connection serving the port of Antwerpen Infrastructure manager Infrabel confirmed on November 5 that it had reached financial close on the deal, under which LocoRail NV will design build finance and maintain the line. The Liefkenshoek Connection is a major element in…

Contracts signed for largest BSF project to date

October 29, 2008

The first phase of the largest Building Schools for the Future scheme to date – part of Kent’s £1.8 billion project – has reached Financial Close, marking an important milestone in the programme to rebuild and renew secondary schools across England. Contracts have been signed between Kent County Council (KCC), Building Schools for the Future…

Expressions of Interest Roadshows

October 29, 2008

Venue: Royal York Hotel, York 05 November 2008 The DCSF and Partnerships for Schools have planned a series of regional events for local authorities to discuss the revision of expressions of interest for inclusion in Waves 7 to 15 of BSF. The aim of these events is: to supplement the guidance issued in September for…

Halcrow appointed to Network Rail?s Crossrail team

October 29, 2008

Network Rail has appointed Halcrow and Scott Wilson to design the transformation of the above ground section of Crossrail to accommodate new electrified trains. The two organisations will create a range of design options which will form the basis of Network Rail’s contribution to Crossrail including: • platform extensions at over 20 stations along the…

Eversheds comment: Impact of economic downturn on infrastructure projects

October 20, 2008

There is no doubt that the current economic climate is affecting local authorities Partner Rebecca Carter from Eversheds’ project and infrastructure finance group comments:  "In these uncertain times, what is the future of Crossrail, the Olympics, Building Schools for the Future (BSF)? Will local authorities still want to procure major projects when they have millions…

Beachcroft appointed to advise on BSF scheme in the north

October 15, 2008

Beachcroft’s Leeds-based projects team has been appointed to advise Halton Borough Council on its Building Schools for the Future (BSF) programme, following a competitive tender process. The win further consolidates the firm’s impressive record of success in securing major education projects across the country. Frank Suttie, Ioan Davies and Andy Thomas in Beachcroft’s Leeds office…

Local authority highways maintenance PFI: on the road to success?

October 9, 2008

Central government funding has long been focused on social infrastructure such as schools and housing – with massive programmes of investment such as Building Schools for the Future. Infrastructure such as roads and bridges has not typically been funded through central programmes such as the Private Finance Initiative (PFI) – two notable exceptions being Portsmouth…

Government approves ?86.6m PFI cash for Leicestershire

October 3, 2008

The Government has approved £86.6 million funding for Leicestershire County Council’s private finance initiative waste scheme. The council aims to spend about £137.6 million developing waste treatment facilities by 2015, which will process up to 180,000 tonnes a year. Within these tonnages, the project expects to divert 98,000 tonnes of biodegradable waste from landfill by…

South West Devon secures ?95m for PFI

October 2, 2008

Government funding of £95 million has been secured by the South West Devon Waste Partnership. The private finance initiative (PFI) money will help the partnership to divert 92% of its biodegradable waste from landfill. This equals up to 293,000 tonnes of diverted waste by 2019/20. Project plans include improving the area’s recycling and waste reduction…

Turner & Townsend Wins ?300m New Campus Glasgow Project

October 2, 2008

Construction and management consultants, Turner & Townsend has been appointed by New Campus Glasgow Ltd, to become a technical advisor, providing project management services for the new city centre £300m co location campus – believed to be the first and largest of its kind in the UK. Four Glasgow city centre colleges are involved in…

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