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Regular news: Issue 602 3 Aug 2012

Sheffield’s £2bn PFI finance signed off

Sheffield City Council’s £2bn highway maintenance PFI has reached financial close with Amey, its private sector contractor for the 25-year contract. Amey will start work this month bringing Sheffield’s highway network up to a high standard within the first five years of the contract and then maintain this standard for the remaining 20 years. Mel Ewell, Amey chief executive, said: “Securing the funding required to enable us to improve and then maintain the standard of...

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