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Railhub Archive 1995-10-02 DoT-001 Department of Transport0
Steven Norris welcomes announcement of bidders for Croydon Tramlink
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 Croydon Tramlink
 light rail
 London Trams
 trams
 
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         Steven Norris welcomes announcement of bidders for Croydon Tramlink _______________________________________________________________

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type Press release note 310
The announcement of four consortia who will bid for the concession to finance, build, operate and maintain Croydon Tramlink was welcomed today by Steven Norris, Minister for Transport in London. Welcoming the announcement, Mr Norris said: "The announcement of this short-list of bidders marks welcome and significant progress for Croydon Tramlink. "Croydon Tramlink is an excellent example of how the Government's Private Finance Initiative can bring the public and private sectors together for the benefit of the travelling public, where a traditional public sector scheme could not have been afforded. "I believe that the bidding between four consortia will produce a robust competition, with as little call on public funds as possible. "Grant has been set aside towards Tramlink but the award of a concession has to be subject to affordable bids for grant being received. That is why I am particularly pleased to see four strong contenders selected for the competition." NOTES TO EDITORS
1. Croydon Tramlink is a 28 km light rail network which will link Croydon with Wimbledon, Beckenham and New Addington. It has been jointly promoted by London Transport and the London Borough of Croydon and will be taken forward under the Private Finance Initiative 2. The scheme has been designed by the promoters in collaboration with a private sector consortium (Tarmac, AEG and Transdev). This arrangement was designed to harness as much technical and commercial private sector experience as possible. This consortium had to pre-qualify on equal terms with other consortia to bid for the concession to finance, build, operate and maintain Tramlink. 3. On 13 December 1994, the Secretary of State announced that he would be setting aside funds to provide a public sector grant for the scheme. The size of the grant will be determined by the bids received and the award of the concession is dependent on their being at a satisfactory level. It is expected that a substantial part of the funding will come from the private sector. 4. Mr Norris launched the competition to select the concessionaire on 30 May. Following the end of the pre-qualification on 15 September, London Transport have announced four consortia to bid formally for the concession. (ALTRAM: John Laing/Ansaldo Trasporti/Serco Group; CROYDON CONNECT: Tarmac/AEG/Transdev; CT LIGHT RAIL GROUP: GEC Alsthom/Mowlems/Welsh Water; TRAMTRACK CROYDON: CentreWest/Royal Bank of Scotland/McAlpines/Amey Construction/Bombardier Eurorail). 5. The successful bidder should be announced in the spring.
Railhub Archive ::: 1995-10-02 DoT-001
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