The future of PFI as a method of funding large-scale highways maintenance has heen given a boost following the selection of Amey as winner of Sheffield's mega £2bn scheme last week. Sheffield will now get an up-front £1bn, five year investment in its highway network after Amey was named preferred bidder for the city council's £2bn, 25 year highways maintenance PFI. Amey beat off competition from contractor Carillion and its joint venture partner consultant Mouchel after a four year battle. It now has until August to get financing in place so that it can achieve financial close on the deal and get to work.
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