1 / 15

PFI Street Lighting & Traffic Signal Project Update

PFI Street Lighting & Traffic Signal Project Update. Why PFI? – Blackpool’s issues. Blackpool’s Issues - Infrastructure. Over 70% of street lights are “life expired” Only 14% of back streets are lit Over 44% of traffic signal sites require ‘urgent’ replacement / upgrading. PFI Scope.

donna-russo
Download Presentation

PFI Street Lighting & Traffic Signal Project Update

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript


  1. PFI Street Lighting & Traffic Signal Project Update

  2. Why PFI? – Blackpool’s issues

  3. Blackpool’s Issues - Infrastructure • Over 70% of street lights are “life expired” • Only 14% of back streets are lit • Over 44% of traffic signal sites require ‘urgent’ replacement / upgrading

  4. PFI Scope • Street lighting columns • Adopted back streets • Illuminated signs and bollards • Traffic signals

  5. PFI Scope • * Programming is based upon asset condition • Worst condition first • Alignment of lighting columns/traffic signal junctions

  6. PFI – Current position

  7. Procurement Process to Date • Three interested bidders submitted detailed solutions – May ’08 • Refined solutions submitted – Aug ’08 • Two bidders will be invited to submit final tenders • CLP (Community Lighting Partnership) • TVL (Tay Valley Lighting) • De-selected bidder - NLP

  8. Financial Information

  9. Credit Crunch Impact • Banks reluctant to lend in current economic climate • Financing terms are changing daily • Increasing costs of raw materials / energy / supplies • Regular monitoring • Sensitivity Analysis

  10. Contract Monitoring • PFI Contract Manager Appointed – September ’08 • Co-location with PFI Service Provider • Self-monitoring contract • Performance Standards – Output Specification • Incentives / Penalties - Payment Mechanism • Milestones • Independent Certifier • Monthly monitoring meetings • PFI Strategic Board

  11. Typical Residential Street – Prior to PFI Typical Residential Street – Post PFI Pre-Post PFI Lighting

  12. Devonshire Road Lighting Devonshire Road – Recent Scheme

  13. Traffic Signals Insert photo

  14. What next? • Appointment of Preferred Bidder by Executive • Stakeholder Consultation • Future presentations to O & S

  15. Any questions?

More Related