Birmingham City Council has finalised a £2.7bn PFI deal to modernise its roads network.
The council announced Amey had been selected as preferred bidder to deliver the contract for repair and maintain the city’s roads for the next 25 years.
Conclusion of the deal has come despite the global freeze in the lending markets as a result of the credit crunch.
Cllr Len Gregory, cabinet member for transportation and street services, said: ‘The process to reach a preferred bidder appointment has rightly been a detailed one. 'We have explored a number of value-for-money options that justify this process.’
10 ways councils are making budgets go further
Discover 10 ways councils are stretching budgets further, from digital transformation and energy efficiency to community partnerships and data-driven decision-making.
