Mark Whitehead 10 July 2019

Sheffield CC drops £1bn China deal

Sheffield City Council is hoping to maintain business links with a Chinese construction firm despite a £1bn deal being dropped.

The council announced the 60-year agreement with the Sichuan Guodong in 2016.

But its developments at West Bar and a five-star hotel in the city's central library building will not be taken forward and there are no future plans or projects likely to be considered.

The council says Sichuan Guodong has undertaken feasibility studies at its own expense in the last three years, but they have failed to meet viability requirements for investment.

It says it will now work with the company to identify other opportunities.

Sheffield has more than 4,000 students from China at its two universities – the most outside London – and several Chinese communities.

Mazher Iqbal, the council's cabinet member for business and investment, said: 'I would like to thank Sichuan Guodong for its strong enthusiasm and affection for Sheffield, strengthened by their own family ties here.

'I remain hopeful that Sheffield and Guodong can work together in the future.

'There are a large number of private sector schemes in Sheffield that Sichuan Guodong may wish to collaborate on and we will be happy to inform and advise them if any interest arises.'

SIGN UP
For your free daily news bulletin
Highways jobs

Interim Head of Fostering

Tile Hill
Negotiable day rate
We are working with a local authority client in London who is looking for an Interim Head of Fostering, the local authority was last inspected as “... London (Central), London (Greater)
Recuriter: Tile Hill

Interim Head of Children in Care and Care Leavers

Tile Hill
Negotiable day rate
We are working with a local authority client in London who is looking for an Interim Head of Children in Care and Care Leavers, the local authority... London (Central), London (Greater)
Recuriter: Tile Hill

Head of Regeneration and Economy

City of York Council
£59,593 - £68,094
York is a wonderful place to live and work and it is quite rightly famous across the globe. York, North Yorkshire / Hybrid
Recuriter: City of York Council

Clinical Lead, North Essex

Essex County Council
Negotiable
Clinical Lead, North EssexPermanent, Full TimeUp to £57,869 per annumLocation
Recuriter: Essex County Council

Assistant Director Legal,&Governance/Monitoring Officer

Rochdale BC
£70,340 - £81,589
The Assistant Director role has breadth of responsibility beyond legal services incorporating Constitutional and Democratic Services Rochdale, Greater Manchester
Recuriter: Rochdale BC

Partner Content

Circular highways is a necessity not an aspiration – and it’s within our grasp

Shell is helping power the journey towards a circular paving industry with Shell Bitumen LT R, a new product for roads that uses plastics destined for landfill as part of the additives to make the bitumen.

Support from Effective Energy Group for Local Authorities to Deliver £430m Sustainable Warmth Funded Energy Efficiency Projects

Effective Energy Group is now offering its support to the 40 Local Authorities who have received a share of the £430m to deliver their projects on the ground by surveying properties and installing measures.

Pay.UK – the next step in Bacs’ evolution

Dougie Belmore explains how one of the main interfaces between you and Bacs is about to change.