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Thames Water in hunt for Thames Tunnel delivery partner

Thames Water has gone out to tender for a delivery partner for the £2bn Thames Tunnel project.

The project, part of the London Tideway Tunnels programme, may comprise a large diameter interceptor sewer approximately 7m diameter and over 30km long along with 35 combined sewer outfall (CSO) shafts.

Thames Water is currently planning the implementation of the scheme and design work has begun. Construction is expected to be complete by 2020.

It has decided it needs the services of one or more specialist organisations to provide legal, financial, and commercial advice and to assist in developing a new delivery model for this work, based on the new Flood and Water Management Act.

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.

Thames Water will set up a qualification system that will form the basis for the award of contracts and/or framework agreements under two lots.

Lot one is for the provision of legal and regulatory advice including the development of an ISP.

Lot two is for the provision of general financial and commercial advice, in particular the allocation of risk.

The contracts and/or framework agreements may be for an individual lot or for both lots combined. It expects the deals to run for up to five years.

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