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Lower Thames Crossing- Strategic Sale Advisor

Department for Transport

This public procurement record has 9 releases in its history.

Implementation

02 Jul 2026 at 13:06

Award Notice
Award

07 Jan 2026 at 14:28

UK7 - Contract Details Notice
Award

07 Jan 2026 at 14:01

UK7 - Contract Details Notice
Award

19 Dec 2025 at 14:32

UK6 - Contract Award Notice
TenderUpdate

31 Oct 2025 at 13:17

UK4 - Tender Notice
Tender

31 Oct 2025 at 13:13

UK4 - Tender Notice
PlanningUpdate

17 Sep 2025 at 15:20

UK1 - Pipeline Notice
Planning

17 Sep 2025 at 12:18

UK1 - Pipeline Notice
Planning

29 Aug 2025 at 12:13

UK2 - Preliminary Market Engagement Notice
Summary of the contracting process

The Department for Transport is undertaking a procurement process titled "Lower Thames Crossing- Strategic Sale Advisor," focused on services within the investment banking industry and located in London, United Kingdom. The process, which reached the implementation stage by July 2026, has gone through various phases including planning, tender, and award, with significant dates such as the contract signing on 6th January 2026, and the contract’s operational start from 7th January 2026 extending through 31st December 2027, with a possible renewal up to 2028. The procurement method employed is an open, competitive flexible procedure, designed to strategically manage and execute the sale of the Lower Thames Crossing Company, including advisory roles in capital markets, investor outreach, and transaction finalisation.

This tender presents significant opportunities for large investment banking firms with capacities in strategic advisory roles. It invites businesses that can offer capital markets advisory services, and engage in market and investor outreach to be a strategic sale advisor without the authority to transact on behalf of the Department for Transport and National Highways. Companies that have a robust track record of managing large infrastructure projects, with the ability to work alongside public authorities in leading sales and transactions, will find this a lucrative growth opportunity, potentially providing a stable revenue stream through to project completion and beyond, contingent on project timelines and potential contract renewals and variations.

How relevant is this notice?

Notice Information

Notice Title

Lower Thames Crossing- Strategic Sale Advisor

Notice Description

The Lower Thames Crossing is a proposed new 14.3-mile road and tunnel which will pass under the river Thames connecting Kent and Essex, the scheme includes two 2.6-mile tunnels under the Thames, with roads required on either side to link it into the existing network. HMG have been examining private finance options for the main works. The leading option is now a Regulated Asset Base model, in which a new economically regulated company (LTC Co) will undertake the main construction works, as well as maintain and operate both Lower Thames Crossing and Dartford Crossings. The Department for Transport is contracting with an organisation to act as a Strategic Sale Advisor, responsible for leading and executing the Lower Thames Crossing Co sale. Key responsibilities for the Strategic Sale Advisor will include: Capital Markets Advisory, Market Engagement & Investor Outreach, Credit Rating Process, Equity Sale Execution & Transaction Finalisation. The Department for Transport (DfT) and National Highways (NH) will be the transaction principals with all decision-making authority reserved to them. The Srategic Sale Advisor will be acting in an advisory capacity only with no authority to transact on behalf of DfT/NH.

Lot Information

Lot 1

Options: DfT reserves the right to vary the contract in accordance with Schedule 8, Paragraph 5 of the Procurement Act 2023 as a result of a materialisation of a known risk (including the potential need to vary this contract to permit the SSA to offer a stapled-debt financing solution (including arranging on a syndicated basis), which would be made available to all prospective investors on an equal basis).

Renewal: DfT reserves the right to extend the contract for a period up to 12 months or such greater period as is agreed between the Buyer and Supplier in accordance with Schedule 8, Paragraph 5 of the Procurement Act 2023 as a result of a materialisation of a known risk (including delay to the overall project and transaction, and such other known risks).

Planning Information

The Department is requesting feedback from interested parties to help inform our approach to delivery of this requirement. Further details of the requirement, along with the information the Department requests at this stage can be accessed here https://dft.app.jaggaer.com/go/650672360198F5851B9E. The Department requests initial responses in writing by Midday 15th September. The Department then intends to have follow-up individual discussions with interested parties who have the relevant skills and experience w/c 15/09 & 22/09.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-059057
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/062240-2026
Current Stage
Award
All Stages
Planning, Tender, Award

Procurement Classification

Notice Type
UK7 - Contract Details Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Competitive flexible procedure
Tender Suitability
SME
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66120000 - Investment banking services and related services

66122000 - Corporate finance and venture capital services

Notice Value(s)

Tender Value
£20,000,000 £10M-£100M
Lots Value
£20,000,000 £10M-£100M
Awards Value
£20,000,000 £10M-£100M
Contracts Value
£20,000,000 £10M-£100M

Notice Dates

Publication Date
2 Jul 20261 months ago
Submission Deadline
25 Nov 2025Expired
Future Notice Date
1 Oct 2025Expired
Award Date
19 Dec 20258 months ago
Contract Period
7 Jan 2026 - 31 Dec 2027 1-2 years
Recurrence
Not specified

Notice Status

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

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
Department for Transport
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
SW1P 4DR
Postcode Area
South West London
Country
England
Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI3 Inner London - West
Small Region (ITL 3)
TLI35 Westminster and City of London
Delivery Location
Not specified
Local Authority
Westminster
Electoral Ward
Vincent Square
Westminster Constituency
Cities of London and Westminster

Supplier Information

Number of Suppliers
1
Supplier Name

Lazard & Co., Limited

Further Information

Notice Documents

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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