KEY DRIVERS FOR THE INVOLVEMENT OF PRIVATE FINANCE

•  This project was first considered nearly 20 years ago, and has had many different designs and approaches put forward over the years. It was always known that whatever solution was picked, it would be technically challenging. As a result, public authorities were keen to transfer this design and construction risk to another party, and a public-private partnership approach offered them the route to do so and also to attract bidders with the relevant tunneling experience from around the globe.