UK client, Thames Water Utilities Limited is calling for expressions of interests from one or more specialist organisations to provide legal, financial, and commercial advice, and to assist in developing a new delivery model for the US$915M Thames Tunnel, which looks set to involve the construction of a 30km long, 7m diameter tunnel and some 35 sewer outfall shafts roughly along the route of the River Thames in central London.
TWUL is currently planning the implementation of the scheme and design work has commenced. Construction will be by TBM, with tunnelling due to start in 2014-15, with the amount and type of machines bound by the geology and the expected completion date of 2020.
The delivery model is based on the Flood and Water Management Act, April 2010. The Act provides for the formation of an Infrastructure Services Provider (ISP), somewhat similar to a public finance initiative (PFI) or Public Private Partnership (PPP).
The required services and ISP model development will follow two phases:
Phase 1 – to understand the legislation, assess market interest/capacity and to develop a detailed approach for delivering the project through an ISP, including structuring the necessary financial and contractual arrangements.
Phase 2 – development of the ISP procurement documentation, issue of invitation to tender (ITT), receipt of tenders, tender assessment, selection of preferred bidder, negotiation and contracting with the preferred ISP bidder.
TWUL wishes to establish a Qualification System (the “Register”) that will form the basis for the award of contracts and/or framework agreements under two lots as described below. The contracts and/or framework agreements ultimately awarded may be for an individual Lot or for both Lots combined.
For more information visit: http://ted.europa.eu/udl?request=Seek-Deliver&language=en&docid=257916-2010.