Council in talks to replace Amey on problem PFI Birmingham roads deal

By Will Ing2019-02-18T14:49:00

Deal set to pave way for Spanish parent to offload loss-making business

Birmingham council has said that it is looking to replace Amey on a PFI contract which the firm’s parent has blamed for a £200m-plus writedown with the authority saying the contractor still owes it more than £55m.

Amey Birmingham Highways, which is jointly owned by Amey and investors Equitix and PIP, won a £2.7bn highways maintenance contract, lasting 25 years, back in 2009.

But it is understood the pair are approaching an agreement which will see Amey leave the deal.

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