Scope
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 intends to contract 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.
Further details of the requirement can be found at https://dft.app.jaggaer.com/go/650672360198F5851B9E.
If you are not already registered on the Department for Transport's e-sourcing platform Jaggaer, you can do so here https://dft.app.jaggaer.com/
Total value (estimated)
- £0 excluding VAT
- £0 including VAT
Above the relevant threshold
Contract dates (estimated)
- 1 January 2026 to 1 January 2028
- Possible extension to 1 January 2029
- 3 years, 1 day
Main procurement category
Services
CPV classifications
- 66120000 - Investment banking services and related services
- 66170000 - Financial consultancy, financial transaction processing and clearing-house services
Engagement
Engagement deadline
15 September 2025
Engagement process description
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.
Submission
Publication date of tender notice (estimated)
6 October 2025
Contracting authority
Department for Transport
- Public Procurement Organisation Number: PLTC-5358-LTWZ
Great Minster House, 33 Horseferry Road
London
SW1P 4DR
United Kingdom
Email: dftc.procurement@dft.gov.uk
Region: UKI32 - Westminster
Organisation type: Public authority - central government