--- title: "Lower Thames Crossing- Strategic Sale Advisor" ocid: "ocds-h6vhtk-059057" canonical_url: "https://d3tenders.com/contract/?ocid=ocds-h6vhtk-059057" markdown_url: "https://d3tenders.com/contract/ocds-h6vhtk-059057.md" json_url: "https://d3tenders.com/contract/ocds-h6vhtk-059057.json" source: "Find A Tender Service" current_stage: "Award" buyer: "DEPARTMENT FOR TRANSPORT" published: "2026-01-07" --- # Lower Thames Crossing- Strategic Sale Advisor Buyer: DEPARTMENT FOR TRANSPORT Current stage: Award OCID: ocds-h6vhtk-059057 [View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-h6vhtk-059057) [Download OCDS JSON](https://d3tenders.com/contract/ocds-h6vhtk-059057.json) ## Summary The Department for Transport has completed the awarding process for the contract titled "Lower Thames Crossing- Strategic Sale Advisor." The procurement process was categorised under investment banking and related services and was conducted through an open competitive flexible procedure. The main contract, valued at £20 million, was awarded to Lazard & Co., Limited, a large-scale organisation located in London. The project involves strategic advisory services for the sale of the Lower Thames Crossing Company, which will be responsible for building and operating the crossing between Kent and Essex. The contract is set to begin on 7th January 2026 with an end date of 31st December 2027, and it has a provision for a potential extension depending on the project's progress. This tender presents significant opportunities for organisations that specialise in capital markets advisory, market engagement, and transaction execution within the infrastructure sector. Companies with experience in managing large-scale financial advisory and investment banking activities would be well-suited to compete in such tenders. The successful advisor will play a crucial role in the strategic planning and execution of sales for major infrastructure assets, enabling growth and expansion in this vital industry sector. Additionally, there is potential for contract variations and extensions, allowing firms to engage in long-term strategic development and partnership with the government. ## Notice 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. ## Key Details | Field | Value | | --- | --- | | Publication source | Find A Tender Service | | Latest notice | https://www.find-tender.service.gov.uk/Notice/001114-2026 | | 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 | | All stages | Planning, Tender, Award | ## Dates | Field | Value | | --- | --- | | Publication date | 7 Jan 2026 | | Submission deadline | 25 Nov 2025 | | Future notice date | 1 Oct 2025 | | Award date | 19 Dec 2025 | | Contract period | 7 Jan 2026 - 31 Dec 2027 | | Recurrence | Not specified | ## Values | Field | Value | | --- | --- | | Tender value | £20,000,000 | | Lots value | £20,000,000 | | Awards value | £20,000,000 | | Contracts value | £20,000,000 | ## Status | Field | Value | | --- | --- | | Tender status | Complete | | Lots status | Complete | | Awards status | Active | | Contracts status | Active | ## Buyer | Field | Value | | --- | --- | | Main buyer | DEPARTMENT FOR TRANSPORT | | Locality | LONDON | | Post town | South West London | | Postcode | SW1P 4DR | | Country | England | | ITL 1 | TLI London | | ITL 2 | TLI3 Inner London - West | | ITL 3 | TLI35 Westminster and City of London | | Local authority | Westminster | | Electoral ward | Vincent Square | | Westminster constituency | Cities of London and Westminster | | Delivery location | Not specified | ## Supplier | Field | Value | | --- | --- | | Number of suppliers | 1 | | Supplier names | LAZARD | ## CPV Codes ### Divisions - 66 - Financial and insurance services ### Codes - 66120000 - Investment banking services and related services - 66122000 - Corporate finance and venture capital services ## Release History - 7 Jan 2026 at 14:28 - Award - UK7 - Contract Details Notice - https://www.find-tender.service.gov.uk/Notice/001114-2026 - 7 Jan 2026 at 14:01 - Award - UK7 - Contract Details Notice - https://www.find-tender.service.gov.uk/Notice/001091-2026 - 19 Dec 2025 at 14:32 - Award - UK6 - Contract Award Notice - https://www.find-tender.service.gov.uk/Notice/084970-2025 - 31 Oct 2025 at 13:17 - TenderUpdate - UK4 - Tender Notice - https://www.find-tender.service.gov.uk/Notice/070098-2025 - 31 Oct 2025 at 13:13 - Tender - UK4 - Tender Notice - https://www.find-tender.service.gov.uk/Notice/070096-2025 - 17 Sep 2025 at 14:20 - PlanningUpdate - UK1 - Pipeline Notice - https://www.find-tender.service.gov.uk/Notice/057417-2025 - 17 Sep 2025 at 11:18 - Planning - UK1 - Pipeline Notice - https://www.find-tender.service.gov.uk/Notice/057287-2025 - 29 Aug 2025 at 11:13 - Planning - UK2 - Preliminary Market Engagement Notice - https://www.find-tender.service.gov.uk/Notice/052417-2025 ## Documents - https://www.find-tender.service.gov.uk/Notice/001114-2026 7th January 2026 - Contract details notice on Find a Tender - https://www.find-tender.service.gov.uk/Notice/001091-2026 7th January 2026 - Contract details notice on Find a Tender - https://www.find-tender.service.gov.uk/Notice/084970-2025 19th December 2025 - Contract award notice on Find a Tender - https://www.find-tender.service.gov.uk/Notice/070098-2025 31st October 2025 - Tender notice on Find a Tender - https://www.find-tender.service.gov.uk/Notice/070096-2025 31st October 2025 - Tender notice on Find a Tender - https://www.find-tender.service.gov.uk/Notice/057417-2025 17th September 2025 - Pipeline notice on Find a Tender - https://www.find-tender.service.gov.uk/Notice/057287-2025 17th September 2025 - Pipeline notice on Find a Tender - https://www.find-tender.service.gov.uk/Notice/052417-2025 29th August 2025 - Preliminary market engagement notice on Find a Tender - https://www.find-tender.service.gov.uk/Notice/Attachment/A-9954 Contract ## Notice URLs - https://dft.app.jaggaer.com/go/650672360198F5851B9E - https://dft.app.jaggaer.com/web/login.html - https://dft.app.jaggaer.com/web/login.htmlFullsuiteoftenderdocumentscanbeaccessedviaoure-sourcingportal. - https://www.legislation.gov.uk/ukpga/2023/54/contents ## Provenance This Markdown file is an alternate public rendering of the D3 Tenders contract record. The canonical page is https://d3tenders.com/contract/?ocid=ocds-h6vhtk-059057. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-h6vhtk-059057.json.