Award

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

Tender

27 Nov 2023 at 11:19

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 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.

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

Contracting Authority (Buyer)

Main Buyer
PLACES FOR LONDON LIMITED
Contact Name
Paul O'Dowd
Contact Email
evhubs@tfl.gov.uk, v_paulodowd@tfl.gov.uk
Contact Phone
+44 7921789660

Buyer Location

Locality
LONDON
Postcode
E20 1JN
Post Town
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

Open Contracting Data Standard (OCDS)

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This will be subject to the normal rules of public law and transparency. Moreover, Places for London reserves the right to provide further information to supplement the procurement process. Suppliers enter this procurement process at their own risk. Places for London shall not accept liability nor reimburse a tenderer for any costs or losses it incurs in relation to its participation in the procurement process, regardless of whether or not Places for London has made changes to the procurement process. Places for London also reserves the right, at any point and without notice, to discontinue the procurement process without awarding a contract, whether such discontinuance is related to the content of tenders or otherwise. If applicable, all discussions and meetings will be conducted in English. Tenders and supporting documents must be priced in sterling and all payments made under the contract will be in sterling. Places for London may interview any or all companies who express an interest in tendering for this work. Places for London strongly encourages those interested in tendering to undertake their activities in line with Responsible Procurement principles. Further information on TfL's Responsible Procurement policies can be found on the following website: https://tfl.gov.uk/corporate/publications-and-reports/procurement-information. The UK government has announced its commitment to greater data transparency. Accordingly, Places for London reserves the right to publish its procurement documents, contracts and data from invoices received. In doing so, Places for London may at its absolute discretion take account of the exemptions that would be available under the Freedom of Information Act 2000 and Environmental Information Regulations 2004.",
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