Stale Pre-tender

Lower Thames Crossing- Strategic Sale Advisor

Details

Value
£20,000,000
Topic
Investment banking services and related services
Published
29 August 2025
Submission
15 September 2025

Tender description

The Lower Thames Crossing is a proposed new 14.3-mile road and tunnel which will pass under the river Thames connecting Kent and Essex, the scheme includes two 2.6-mile tunnels under the Thames, with roads required on either side to link it into the existing network. HMG have been examining private finance options for the main works. The leading option is now a Regulated Asset Base model, in which a new economically regulated company (LTC Co) will undertake the main construction works, as well as maintain and operate both Lower Thames Crossing and Dartford Crossings. The Department for Transport is contracting with an organisation to act as a Strategic Sale Advisor, responsible for leading and executing the Lower Thames Crossing Co sale. Key responsibilities for the Strategic Sale Advisor will include: Capital Markets Advisory, Market Engagement & Investor Outreach, Credit Rating Process, Equity Sale Execution & Transaction Finalisation. The Department for Transport (DfT) and National Highways (NH) will be the transaction principals with all decision-making authority reserved to them. The Srategic Sale Advisor will be acting in an advisory capacity only with no authority to transact on behalf of DfT/NH.

Timeline

  1. Completed: Pre-tender published29 August 2025
    Current notice

About the buyer

Department for Transport (DfT) is a central government department, with commercial work spanning road, rail, aviation and maritime transport across the United Kingdom. The Group Commercial Directorate leads procurement for DfT from Great Minster House. Every opportunity DfT runs directly is advertised on Contracts Finder. National Highways, HS2 Ltd and Network Rail each run their own separate procurement as arm's-length bodies of DfT. The Driver and Vehicle Licensing Agency, the Driver and Vehicle Standards Agency and the Maritime and Coastguard Agency also buy separately. Suppliers to DfT are paid on 90% of undisputed invoices under its prompt payment commitment.

Procurement spend from central entities makes up 66% of overall UK public spend.

Over the past 5 years, most of DfT's contract awards have been in business services, architectural and engineering services and research and development.

Relevant CPV codes

  • 66120000 · Investment banking services and related services
  • 66122000 · Corporate finance and venture capital services

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Decision makers

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