Project Information
Project name: ISLE OF WIGHT HIGHWAYS PFI
Project description:

Upgrade, manage and maintain 803km of highways and 827km of public rights of way as well as 11,700 street lighting columns and a further 2,600 illuminated street furniture items.

All of the Island's public road network will be rebuilt or resurfaced as will every pavement, kerb and cycleway.

The Highways PFI work will be carried out under the name Island Roads. Works will start in April 2013.

Related headlines:
27/09/2012 - Isle of Wight Highways PFI signs
30/05/2012 - Winner for Isle of Wight roads
24/02/2012 - Isle of Wight cuts highways shortlist

Type: PFI
Sector: Roads & streetlights
Government deptartment: UK - Department for Constitutional Affairs
Region: UK - - South East
Current status: Project Signed - 27/09/2012
Contract Terms
Duration: 25 years
Capital value: £325.00m
Public Sector Procuror Details
Authority/Commssioning body: Isle of Wight Council
Public sector contact: Jay Jayasundara - Project Director
Tel: +44 (0)1983 821 000 ex. 6602

Gavin Foster
Tel: +44 (0)1983 823 793
Email: gavin.foster@iow.gov.uk

Anthony Hiscock (Technical advisory services contract)
Tel: +44 (0)1983 821 000
E-mail: anthony.hiscock@iow.gov.uk; highways-pfi@iow.gov.uk
Public sector advisors: PwC - Financial Advisors
WSP UK - Technical Advisors
DLA Piper - Legal Advisors
Private Sector Details
Consortium name: Island Roads Services
Private sector shareholders: Vinci Concessions - Shareholders (50% stake)
Meridiam Infrastructure - Shareholders (50% stake)
Private sector sub-contractors: Ringway Highway Services - Subcontractor - Construction
Private sector debt-providers: Bank of Tokyo Mitsubishi UFJ - Debt Providers
KfW IPEX Bank - Debt Providers
DZ Bank - Debt Providers
Sumitomo Mitsui Banking Corporation - Debt Providers
Private Sector Shortlist
Consortium name: Wight Highways Partnership
Private sector shareholders: Colas Ltd - Shareholders
Lloyds Banking Group - Shareholders
URS Scott Wilson - Shareholders
Aggregate Industries - Shareholders

This page was last updated on:
27 September 2012.

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