The project, in which PiP acquired a stake in late 2017, involves construction work on nearly 30 kilometres of motorway, 12 kilometres of new build road and 16 kilometres of network upgrades, as well as the ongoing operations and maintenance of the three motorway routes until 2047. As one of the largest infrastructure developments in recent times in Scotland, the project meets the Scottish Government’s policy objectives to benefit the environment, economy, safety, integration and accessibility of the roads in the region.
Better Alignment, Better Value, Better Governance
The 30-year life of the project aligns with PiP’s buy-and-hold philosophy, and enables strong stakeholder relationships to be nurtured. The NPD model of the project, and PiP’s better governance, facilitates a pro-active and stable partnership between public and private sector parties.