Release date: 24 September 2007
Promoter – Financial Intermediary
Highways Agency
Location
Description
The project involves widening approximately 100km of the M25 from 3 to 4 lanes and operating and maintaining the entire project road as well as a substantial portion of the existing network throughout the period of the Concession.
Objectives
Much of the M25 is significantly congested at peak times, during maintenance or after incidents. The proposed upgrading works aim to add new capacity and provide other improvements to the existing road network.
Sector(s)
Proposed EIB finance (Approximate amount)
Up to GBP 500 million.
Total cost (Approximate amount)
Approximately GBP 2 billion.
Environmental aspects
The planned upgrading works within the DBFO contract fall within Annex I of the Directive 85/337/EEC on environmental assessment as amended by 97/11/EC and 2003/35/EC.
Procurement
Procurement of the DBFO operator will be conducted in accordance with Public Works Contracts Regulations 1991 which implement the Public Works Contracts Directive 93/37/EC . Procurement will be undertaken using the restricted procedure after open tender. The contract will be awarded using the negotiated procedure as prescribed in the regulations.
Status
Signed - 20/05/2009
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).