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Thu October 29 2020

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Amey reaches financial close on £2.7bn Birmingham highways PFI

10 May 10 Amey has reached financial close with Birmingham City Council for the second city's £2.7bn highways maintenance private finance initiative. Work will commence in the summer.

Amey has reached financial close with Birmingham City Council for the second city's £2.7bn highways maintenance private finance initiative. Work will commence in the summer.

The 25 year, £2.7bn PFI for maintenance and management of Birmingham’s highways is the UK’s biggest local government highways sector PFI.

The contract gives Amey responsibility for improving and maintaining 2,500km of the city’s road network, nearly 100,000 street lights, as well as over 850 highway bridges, structures and tunnels.

They will also be continuing the work already started by the council to repair the damage to the road surfaces as a result of the worst winter for 30 years.

Amey has a ‘Year 1’ Resurfacing Programme already prepared, but is likely to adjust the programme to take account of winter damage like potholes.

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Mel Ewell, Amey chief executive, said: “This important partnership will lead to an improvement in the city’s highway network. Birmingham and the surrounding area is one of the most important road networks in the UK, providing essential transport links between some of the country’s largest industrial and metropolitan hubs and we are looking forward to improving the city’s highway infrastructure for the benefit of all those who live, work and travel in it.”

Councillor Len Gregory, Cabinet Member for Transportation and Street Services, said: “This PFI will give Birmingham’s transport network a facelift that will be the envy of the rest of the country.

“There will be a significant investment in the first five years including; the repair of roads, maintenance of footways, bridges, street lighting and traffic signals, as well as the upkeep of street scenery such as safety barriers, seats and trees.”

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