One of the first projects to be tendered under the UK’s PFI was the A19 road, which reached financial close in October 1996. The A19 concession was awarded to the Autolink consortium which financed the design, build, maintenance and operation of 6.4 kilometres of additional lanes on the existing dual carriageway of the A19, along with maintenance of a further 118 km.
The project was refinanced in 2001 and Operis carried out a model audit at that time. Operis has recently audited the operating model for the project on behalf of the project sponsor, Sir Robert McAlpine, and the senior lenders to the project.
Further information on Operis:
Operis is a leading advisor in project and infrastructure finance, renowned for its financial modelling and model auditing expertise and financial structuring advice. The firm has been mandated by the leading investment banks, infrastructure funds, bond arrangers and guarantor bodies around the world. This experience covers over 700 projects and other funded transactions worldwide.
Paul Myers – Managing Director
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