Release date: 19 October 2001
Promoter – Financial Intermediary
The UK Secretary of State for Transport, Local Government and the Regions, through the Highways Agency (HA).Location
Description
Operation and maintenance of 53 km of the A1/ A1(M) trunk road, including the new build of 22 km of dual 3 lane motorway
Objectives
To upgrade this strategic highway connection, in some sections to motorway standard, to bypass several communities along the route, reduce congestion and improve safety by the separation of faster traffic from slow traffic and pedestrians.
Sector(s)
Proposed EIB finance (Approximate amount)
Up to GBP 150 million
Total cost (Approximate amount)
Up to GBP 300 million
Environmental aspects
The EIB will review the environmental impact assessment required under the statutory approval process in the UK.
Procurement
HA invited pre-qualification submissions from consortia on 26 July 2000. Four consortia were subsequently invited to submit tenders by mid September 2001. The HA expects to choose a preferred bidder by mid April 2002 and sign the concession agreement (the DBFO contract) by October 2002
Status
Signed - 19/02/2003
Disclaimer
Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).