The UK Department for Transport (DfT) has launched a GBP24 million (US$31.4 million) tender to appoint a Strategic Sale Advisor (SSA) for the privatisation of the Lower Thames Crossing (LTC) project, including the existing Dartford Crossing, under a Regulated Asset Base (RAB) model.

The 14.3-mile scheme, featuring twin 2.6-mile tunnels beneath the Thames connecting Kent and Essex, will be transferred to a new economically regulated company (LTC Co) that will finance, build, operate, and maintain both the new crossing and the Dartford asset. The SSA, acting strictly in an advisory capacity, will lead capital markets strategy, global investor outreach, credit-rating engagement, and execution of the equity sale to private infrastructure funds and pension investors by the end of 2027, with a possible 12-month extension to 2028.

Bids close on 25 November 2025 via the DfT Jaggaer portal, with only FCA-regulated investment banks (or international equivalents) eligible; the top three shortlisted firms will present in person, and the award is expected by 19 December 2025. For more information about this tender, please visit our Business Opportunity page here.