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Ringway Jacobs joint venture to scoop £1bn Essex highways deal

Essex County Council has selected Ringway Jacobs as its preferred bidder to form one of the largest integrated highways partnerships in the UK.

The £1bn contract will begin on 1 April 2012 and will run for ten years, with an option to be extended for up to five years. Nine of the ten major highway contracts in Essex will expire on 31 March 2012, with the final contract terminating on 31 March 2013. All existing contracts to operate Essex’s highways will be replaced with one long-term partnership arrangement.

Ringway Jacobs will form a strategic partnership with the council as part of the deal, which was estimated at tender to be worth between £500M and £3bn

Ringway Jacobs beat off competition from Balfour Beatty and Transforming Highway Services, Costain/Serco/Capita Symonds joint venture. Amey, Atkins, May Gurney/WSP and Mouchel/Carillion had already been eliminated from the running.

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