Financing Arrangements for the Medway Crossing

by M. P. Heyes, Kent County Council, United Kingdom,
G. W. Davies, Kent County Council, United Kingdom,

Document Type: Proceeding Paper

Part of: Major Development and Transportation Projects: Public/Private Partnerships

Abstract: This paper is concerned with the arrangements currently being planned to finance and construct a 510 metre long immersed tube road tunnel in the County of Kent in the UK. A novel arrangement using leaseback finance has been devised. The paper describes the feasibility studies leading to the selection of a tunnel scheme and also describes the proposed contractual relationships between the various public and private parties involved.

Subject Headings: Feasibility studies | Financing | Highways and roads | Public private partnership | Private sector | Tunneling

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