Lower Thames Crossing- Strategic Sale Advisor
key details
| Value | £20,000,000 (£24,000,000 inc. VAT) |
|---|---|
| Status | complete |
| Category (CPV) | 66120000 +1 more |
| Deadline | 25 Nov 2025 |
| Procedure | open |
| SME suitable | Yes |
| OCID | ocds-h6vhtk-059057 |
Awards (2)
This procurement was awarded to 1 suppliers. Values shown are per-award; the notice total is £20,000,000.
| Supplier | Value | Date | Status |
|---|---|---|---|
| Lazard & Co., Limited | £20,000,000 | 19 Dec 2025 | active |
| Lazard & Co., Limited | · | · | active |
description
The Lower Thames Crossing is a proposed new 14.3-mile road and tunnel which will pass under the river Thames connecting Kent and Essex, the scheme includes two 2.6-mile tunnels under the Thames, with roads required on either side to link it into the existing network.
HMG have been examining private finance options for the main works. The leading option is now a Regulated Asset Base model, in which a new economically regulated company (LTC Co) will undertake the main construction works, as well as maintain and operate both Lower Thames Crossing and Dartford Crossings.
The Department for Transport is contracting with an organisation to act as a Strategic Sale Advisor, responsible for leading and executing the Lower Thames Crossing Co sale. Key responsibilities for the Strategic Sale Advisor will include: Capital Markets Advisory, Market Engagement & Investor Outreach, Credit Rating Process, Equity Sale Execution & Transaction Finalisation.
The Department for Transport (DfT) and National Highways (NH) will be the transaction principals with all decision-making authority reserved to them. The Srategic Sale Advisor will be acting in an advisory capacity only with no authority to transact on behalf of DfT/NH.
documents
- https://www.find-tender.service.gov.uk/Notice/070096-2025 , tenderNotice
- https://www.find-tender.service.gov.uk/Notice/070098-2025 , tenderNotice
Documents are linked, not mirrored. They are served by the publishing authority and may require registration.
notice history
9 notices published against this procurement.
| Published | Type | Regime | Notice |
|---|---|---|---|
| 29 Aug 2025 | Preliminary market engagement (UK2) | Procurement Act 2023 | 052417-2025 |
| 17 Sept 2025 | Pipeline notice (UK1) | Procurement Act 2023 | 057287-2025 |
| 17 Sept 2025 | Pipeline notice (UK1) | Procurement Act 2023 | 057417-2025 |
| 31 Oct 2025 | Tender notice (UK4) | Procurement Act 2023 | 070096-2025 |
| 31 Oct 2025 | Tender notice (UK4) | Procurement Act 2023 | 070098-2025 |
| 19 Dec 2025 | Contract award (UK6) | Procurement Act 2023 | 084970-2025 |
| 7 Jan 2026 | Contract details (UK7) | Procurement Act 2023 | 001091-2026 |
| 7 Jan 2026 | Contract details (UK7) | Procurement Act 2023 | 001114-2026 |
| 2 Jul 2026 | Contract performance (UK9) | Procurement Act 2023 | 062240-2026 |
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source
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