The document summarizes a road show held by Birmingham Council to discuss the future of local transport delivery and management through a private finance initiative (PFI). The PFI aims to improve Birmingham's infrastructure, appearance, and quality of life over 25 years by maintaining streets, footways, and assets. It will provide £620 million in funding to address maintenance backlogs through a monthly unitary charge from the council to the service provider in exchange for defined services. Risks are transferred to the private sector service provider.
Paul Big City Plan - the most ambitious and far-reaching citywide development project ever undertaken in the UK: by planning for the next 20 years of transformation, to be in the top 20 most liveable cities in the world
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Paul – use key aspects as notes: Key Aspects of a Highways PFI ► Asset already exists, it is not an isolated “building site” ► Defined level of service (upgraded asset condition over time) ► Includes immediate and ongoing services. What might the asset look like in 25 years? ► Asset must remain available throughout contract period (including during upgrade) ► Management of interfaces with other City Council functions ► Asset is used (and abused) by large customer base ► ‘ Legitimate damage’ to the asset e.g. utilities planned and emergency activity, etc.