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Capital Projects Sector News

Changing Priorities
Mon 15 Nov 2010
Finance Secretary John Swinney looks set to reveal plans to move routine spending to capital investment when he announces his spending priorities for the year to MSPs later this week.
Borders Rail – Fluor Limited Withdraws From Consortium
Mon 15 Nov 2010
The future of the Borders Rail project has suffered a set-back following the unexpected withdrawal of Fluor Limited from one of the bidding consortia.
Crunch Time for PFI
Tue 24 Aug 2010
The National Audit Office recently issued its report on the implications of the credit crisis for both existing and future PFI projects. “Financing PFI Projects in the credit crisis and the Treasury’s response” highlights the challenges the Treasury faced as the crisis took hold in the autumn of 2008, explains the Treasury’s response and outlines the Treasury’s proposals for the financing of future projects.
Emergency Budget
Thu 24 Jun 2010
Just in case you missed it, the Chancellor of the Exchequer presented the new Government’s emergency budget on Tuesday 22 June. The increase in VAT from 17.5% to 20% has certainly caught the British press’s attention.
Borders Rail Update
Tue 22 Jun 2010
The process of appointing a contractor to build the £295m rail link between Edinburgh and the Borders saw further progress yesterday as BAM UK ltd, IMCD (a consortium of Sir Robert McAlpine, Carillion Construction Ltd and Iridium Concessions de Infrastructures SA) and New Borders Railway (a consortium of Miller Construction (UK) ltd, Fluor Limited, and Uberior Infrastructure Investments) were invited to tender for the contract.
Aberdeen Bypass Plans Stalled
Fri 14 May 2010
Objectors, from a local group called Road Sense, have lodged an appeal at the Court of Session against the decision of the Scottish Ministers to approve the Aberdeen Western Peripheral Route.
Time for Action
Fri 26 Mar 2010
The ECJ decision in the above case has ruled that the period during which procurement infringement proceedings can be brought begins on the date on which a claimant becomes aware or ought to become aware of an alleged infringment - and not on the date of the alleged infringement itself.
House of Lords Report on Private Finance Projects
Thu 18 Mar 2010
On March 17 the House of Lords Select Committee on Economic Affairs published its report on Private Finance Projects and Off-balance Sheet Debt.
Lighting the Way
Fri 26 Feb 2010
Coventry City Council is lighting the way in the PFI market with its new street lighting project.
Funding Transparency for Scottish Projects
Wed 03 Feb 2010
The Scottish Government is set to publish information on the progress of its 36 largest capital spending projects, in a bid to win support for its 2010-2011 budget.
Aberdeen Bypass Plans Drive Forwards
Tue 19 Jan 2010
Cabinet Secretary for Finance and Sustainable Growth John Swinney has announced that work on the 28-mile Aberdeen Western Peripheral Route (AWPR) will begin next year.
Beauly Denny Decision
Tue 12 Jan 2010
Scottish Enterprise Minister Jim Mather today confirmed plans to build a major new power line from Beauly near Inverness to Denny near Stirling.