PUBLIC PRIVATE PARTNERSHIP NEWS AGGREGATOR: United Kingdom - Upcoming stories

LLESY HSBC Infrastructure Company to acquire 50% financial interest in Catalyst Healthcare.UK

jsmith — Mon, 30 Nov 2009 21:48:17 GMT

Lend Lease Corporation Limited, through its UK public private partnership (PPP) business Catalyst Lend Lease, has agreed to sell its 50% financial interest in Catalyst Healthcare (Romford) Holdings Limited (Queen's Hospital), a UK-based hospital, to HSBC Infrastructure Company Limited for GBP23.9 million.

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Adviser selections on infrastructure asset sales.UK

jsmith — Mon, 30 Nov 2009 21:48:17 GMT

The Department for Transport is expected to put out a tender for strategic advisers on the sale of the Dartford Bridge on the London orbital M25 road before the Christmas holidays.

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Interserve moves PFI investments to pension scheme.UK

jsmith — Mon, 30 Nov 2009 21:48:17 GMT

Pension fund to invest in alternative investments * First time UK pension fund is endowed with PFI LONDON, Nov 26 (Reuters) - British maintenance firm Interserve (IRV.L) is transferring 61.5 million pounds' ($102.6 million) worth of public finance initiative investments into its pension scheme to cut about a quarter of its deficit.

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Laing O'Rourke PFI team claims millions in costs.UK

jsmith — Mon, 30 Nov 2009 21:48:17 GMT

The PFI scheme, on which Triskilion was appointed preferred bidder in March 2005, was cancelled in July 2007 after a long-running wrangle over costs.

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Hounslow prepares to tender maintenance PFI.UK

jsmith — Mon, 30 Nov 2009 21:48:17 GMT

The London Borough of Hounslow will start the tender process at the end of this month for a 25-year road maintenance PFI contract.

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Esteem group takes Hull BSF.UK

jsmith — Mon, 30 Nov 2009 21:48:17 GMT

The Esteem consortium consists of Morgan Sindall Investments, Robertson Capital Projects and the Sewell Group. Robertson FM and Sewell FM will provide facilities management to the schools and RM Education will undertake the ICT managed service

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Major library PFI moves forward.UK

jsmith — Mon, 30 Nov 2009 21:48:17 GMT

The £50m Liverpool Library PFI deal has chosen Inspire Partnership to rebuild the historic building. Inspire Partnership emerged ahead of its rival Information Resources and two other groups who fell by the wayside earlier in the process were Community Solutions and Kajima Partnerships/Carillion.

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Laing O’Rourke JV sues over scrapped £711m PFI hospitals.UK

jsmith — Mon, 30 Nov 2009 21:48:17 GMT

Consortium also including John Laing takes multimillion-pound claim over scrapped Leicester scheme to the High Court A consortium including Laing O'Rourke and John Laing has launched a legal battle to reclaim millions of pounds in costs over the scrapped £711m Leicester Hospitals PFI scheme. The Triskelion consortium, which also includes Serco and Portfolio Solutions (Northern Ireland), has lodged a claim in the High Court against the Department of Health and University Hospitals of Leicester National Healthcare.

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Two left in chase for Derby BSF.UK

jsmith — Mon, 30 Nov 2009 21:48:17 GMT

Two rivals will now lock horns for a £230m Building Schools for the Future (BSF) project in the East Midlands. Derby City Council has pared the contestants down to Vinci Education and Balfour Beatty. The news means expulsion for a third bidder, Galliford Try.

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HSBC Infrastructure plans share issue to fund deals.UK

jsmith — Mon, 30 Nov 2009 21:48:17 GMT

HSBC Infrastructure (HICL.L) said on Monday it plans to raise new capital to pay down debt and help fund potential deals it is considering. The listed infrastructure fund said it plans to issue new C shares via a placing and offer for subscription. Collins Stewart and Oriel Securities will act as joint placing agents, the company said.

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