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Vinci Ringway wins £800m Hounslow PFI

A Vinci Ringway bid is set to scoop an £800m PFI deal for the London Borough of Hounslow.

The contractor and its subsidiary will provide repairs to 259 miles of roads and 458 miles of pavements as part of a joint venture.

The Vinci/Ringway bid has fended off competition from Balfour Beatty to land the deal.

The deal has to be authorised by the Department for Transport with a decision expected next month and work set to start in January 2013.

The first five years of the contract will see Vinci Ringway make an initial investment of £100 million to upgrade the road network. This will then be maintained to the improved standard for the rest of the contract.

The deal will include upgrading and improving roads, pavements, street lights, street cleaning, signs, street furniture such as benches and bollards, as well as drains and gutters across the borough.

As part of the arrangement, 200 London Borough of Hounslow staff will transfer across to Vinci Ringway through Transfer of Undertakings (Protection of Employment) Regulations (TUPE) arrangements.

Cllr Corinna Smart, cabinet member for environment at the council said: “This contract will literally change the face of the London Borough of Hounslow. It will be a massive boost for residents, businesses and visitors.

“We know our roads and pavements are in poor condition, and to get them up to the standard we want would cost more money than we could ever afford. This PFI provides an affordable way of tackling the problem and getting shot of the grot.”

Vinci Concessions bid director Phil Jackson said: “We are absolutely delighted to have been chosen to work with the London Borough of Hounslow on this pathfinder Highways Maintenance project. 

“We have developed a strong partnership working relationship with our colleagues from the client team during the bidding process and are confident that together we can provide a world class highway service in Hounslow.”

Ringway group managing director Scott Wardrop said: “Ringway is a company that was ‘born’ in London in 1976 and we have been providing high quality highway surfacing and related services to the residents of Hounslow for the last 20 years. 

“We are delighted that we will be able to continue that relationship for another 25 years through this Highway PFI project that helps regenerate the streetscene of the Borough.”

Funding for the scheme follows a successful bid for a government grant of approximately £14m a year for 25 years from the DfT, with the London Borough of Hounslow funding the rest of the contract payments.

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