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A major UK infrastructure project with an estimated cost of 4.1bn Vital to Londons future and a priority for the Government and Ofwat Financed by private sector investors and benefiting from an enhanced regulatory framework and Government support
West
Bam Nuttal, Balfour Beatty, Morgan Sindal JV Costain, Vinci, Bachy JV Dragados, Samsung JV Ferrovial Agroman, Laing ORourke JV
Central
Bam Nuttal, Balfour Beatty, Morgan Sindal JV Costain, Vinci, Bachy JV Ferrovial Agroman, Laing ORourke JV Skanska, Bilfinger, Razel Bec JV
East
Bam Nuttal, Balfour Beatty, Morgan Sindal JV Costain, Vinci, Bachy JV Bechtel, Strabag JV Bouyges Travaux Publics Hochtief, Murphy JV
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A new dedicated perpetual utility company (Infrastructure Provider IP) Flood and Water Management Act 2010
Regulated by Ofwat
Supported by Government Established by competition
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Sponsored by Thames Water A Project manager CH2M Hill A Planning application submitted A Close cooperation with Lee Tunnel and Crossrail A Development of IP resources a
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Land assembly A Tender manager construction and IP A Interface works A Billing customers A Precluded from bidding for the IP a
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A unique opportunity to invest in a new UK regulated utility company ~1bn equity opportunity
Familiar regulatory framework but enhanced in certain key areas cost of capital bid by investors and fixed up until project acceptance
investment remunerated during construction dividend yield during construction Government support will further protect investors sharing of certain risks mitigation of exceptional events, including where this offers customer better value for money total investor funding requirement capped
Investors do not need project delivery expertise the IP will already have this
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Start IP procurement
Planning decision
Binding bids due before end 2014
IP financial close and licence award Construction contracts award Start early works/ mobilisation
IP market engagement
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