pfi street lighting & traffic signal project update
Post on 03-Jan-2016
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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
• Street lighting columns
• Adopted back streets
• Illuminated signs and bollards
• Traffic signals
PFI ScopeAsset Replace
during first 5-years
Comments
Street lighting columns 72% An additional estimated 1,865 columns will be installed to improve the current lighting standards and to light many currently unlit adopted back streets
Illuminated signs & bollards
100% A number of bollards will be replaced with reflective material
Traffic signal points 84% Move to a robust planned maintenance regime for all sites
* Programming is based upon asset condition• Worst condition first• Alignment of lighting columns/traffic signal junctions
PFI – Current position
Process Timeframe
£31.9M PFI Credits awarded Sept ‘07
Procurement Process• Bidders solutions
Oct ‘07 to current
Close Dialogue – Issue final tenders Dec ‘08
Appoint Preferred Bidder Feb / March ‘09
Contract start Aug / Sept ‘09
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
Financial Information
PFI Credits £31.9 million
Contract Value £141 million
Affordability Gap £472,000
Economic Benefits £113.2 million
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
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
Pre-Post PFI LightingTypical Residential Street – Prior to PFI
Typical Residential Street – Post PFI
Devonshire Road – Recent Scheme
Devonshire Road Lighting
Traffic Signals
Insert photo
What next?
• Appointment of Preferred Bidder by Executive• Stakeholder Consultation• Future presentations to O & S
Any questions?
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