US$70 million PPP award kickstarts UK government's Full Fibre Network Programme
West Sussex County Council has announced that CityFibre, a wholesale full-fibre network infrastructure provider based in London, has been selected to build, own and operate a pure fibre network capable of gigabit broadband service to public buildings in key urban locations throughout West Sussex, which is located in the south of England.
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Country news
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May 31, 2018
Bermuda insurance firms raise US$100 million for infrastructure fund
The Bermuda Infrastructure Fund has been officially launched in a bid to improve ports, docks, roads, bridges, industrial facilities and healthcare facilities on the island, an overseas territory of the United Kingdom. Insurance firms have raised nearly US$100 million for the fund.
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May 24, 2018
Financial issues continue for bypass PPP in Scotland
Following an announcement earlier this year of a GBP25 million (then US$35.07 million) exceptional charge and a GBP150 million (then US$210.42 million) capital raise to cover additional costs of the Aberdeen Western Peripheral Route PPP project, Galliford Try has announced that it is experiencing further cost pressure which is likely to increase the exceptional charge.
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May 18, 2018
GBP175 million green bonds issued for Thames Tideway Tunnel project
Tideway, whose shareholders include Allianz, Amber Infrastructure, Dalmore Capital and DIF, has issued GBP175 million (US$236.6 millon) green bonds to finance the Thames Tideway Tunnel (TTT) project, which involves the construction of a 25km sewer tunnel in London.
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May 17, 2018
UK Transport Secretary announces major rail PPP
The head of the UK government's Department for Transport (DfT) has announced that it is taking control of the East Coast Main Line, a 632km railway connecting London to Edinburgh currently operated by private companies Stagecoach and Virgin Trains, until 2020, from which time it will be run through a public-private partnership (PPP).
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May 15, 2018
UK government approves US$1.4 billion tunnel PPP in London
The Department for Transport (DfT) of the UK government has approved the Silvertown Tunnel PPP project. This involves the construction of a 1km twin-bore road tunnel under the River Thames, connecting Silvertown, on the north bank of the river, to North Greenwich, in east London. It is estimated to cost GBP1 billion (US$1.36 billion).
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