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Electric Vehicle Charging Hubs Joint Venture

Places for London Limited

This public procurement record has 2 releases in its history.

Award

11 Dec 2024 at 14:38

Award Notice
Tender

27 Nov 2023 at 11:19

Tender Notice
Summary of the contracting process

Places for London Limited, a subsidiary of Transport for London (TfL), has completed a procurement process to appoint a Joint Venture (JV) partner for the project titled "Electric Vehicle Charging Hubs Joint Venture" under the Vehicle Refuelling Services category. The procurement, classified under CPV code 63712600, involved designing, building, operating, and maintaining up to five Electric Vehicle Charging Hubs initially, with an ambition to scale to 65 sites. Fastned UK Limited has been awarded the contract valued at £2.03 billion, with the JV running potentially for at least 50 years. Key details include the use of TfL land to develop EV charging infrastructure to aid London's transition to a net-zero carbon city. The project was initiated with prior publication of a call for competition and has reached the award stage.

This joint venture offers significant growth opportunities for businesses involved in EV infrastructure, electrical equipment, and construction. Companies specialising in electric vehicle charging technology, sustainable energy solutions, and infrastructure development would be well-positioned to compete and collaborate. The JV aims to leverage TfL’s land holdings to enhance the number, distribution, and accessibility of EV charging points across London, ensuring sustainability and long-term dividends for its participants. This initiative supports London's goal of becoming a net-zero carbon city, creating a market ripe for innovative and experienced firms to contribute to a major urban sustainability project.

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Notice Information

Notice Title

Electric Vehicle Charging Hubs Joint Venture

Notice Description

Places for London Limited (Places for London), a wholly owned subsidiary of Transport for London (TfL) has undertaken a procurement process to appoint a Joint Venture (JV) partner to design, build, operate and maintain an initial five (5) Electric Vehicle Charging Hubs as well as carrying out ancillary and/or complementary development and use of the sites where relevant. The aim of the JV partnership is to scale up delivery over time, with ambitions for up to 65 sites to be delivered. In collaboration with a Joint Venture partner, Places for London is looking to position TfL in the Electric Vehicle (EV) charging growth market, utilising TfL land to develop EV charging infrastructure. The objective of the JV is to generate, long-term sustainable and growing dividends for the JV participants by delivering material improvements in the number, distribution, accessibility and sustainability of EV charging infrastructure; all of which will directly contribute to London's transition to a net-zero carbon city.

Lot Information

Lot 1

Places for London's Joint Venture (JV) proposition is based on it holding a minority share (49 per cent) in a JV company which will design, build, operate, and maintain industry-leading electric vehicle charging infrastructure, as well as ancillary and/or complementary facilities, on up to five (5) properties initially. The participants in the JV company are a Places for London subsidiary company and the successful bidder. Up to five (5) hub sites will form the scope of the initial opportunity, but this may be scaled up to circa sixty-five (65) hub sites over the full term of the JV. It is envisaged the lease for each site will be thirty (30) years, however, due to the phasing of sites potentially being in scope the JV itself will run for at least fifty (50) years. The value stated in this Concession Notice is the estimated turnover the appointed JV partner may receive for all circa sixty-five (65) hub sites excluding VAT. Additional information: It is envisaged the lease for each site will be thirty (30) years, however, due to the phasing of sites potentially being in scope the JV itself will run for at least fifty (50) years.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-041cec
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/039949-2024
Current Stage
Award
All Stages
Tender, Award

Procurement Classification

Notice Type
Tender Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Not Specified
Procurement Method Details
Award procedure with prior publication of a call for competition
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

63 - Supporting and auxiliary transport services; travel agencies services

CPV Codes

63712600 - Vehicle refuelling services

Notice Value(s)

Tender Value
£3,000,000,000 £1B-£10B
Lots Value
£3,000,000,000 £1B-£10B
Awards Value
Not specified
Contracts Value
£2,030,000,000 £1B-£10B

Notice Dates

Publication Date
11 Dec 20241 years ago
Submission Deadline
22 Jan 2024Expired
Future Notice Date
Not specified
Award Date
15 Nov 20241 years ago
Contract Period
Not specified - Not specified
Recurrence
Not specified

Notice Status

Tender Status
Complete
Lots Status
Cancelled
Awards Status
Active
Contracts Status
Active

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
Places for London Limited
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
LONDON
Postcode
E20 1JN
Postcode Area
East London
Country
England
Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI4 Inner London - East
Small Region (ITL 3)
TLI41 Hackney and Newham
Delivery Location
TLI London
Local Authority
Newham
Electoral Ward
Stratford Olympic Park
Westminster Constituency
Stratford and Bow

Supplier Information

Number of Suppliers
1
Supplier Name

Fastned UK Limited

Further Information

Open Contracting Data Standard (OCDS)

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The Open Contracting Data Standard (OCDS) is a framework designed to increase transparency and access to public procurement data in the public sector. It is widely used by governments and organisations worldwide to report on procurement processes and contracts.

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