Scope
Description
Finance & debt advisory services in the financing of new projects that will enable a significant increase in passenger volumes. The scale and complexity of the financing workstreams of these projects necessitates the appointment of advisory support for the negotiations with existing and prospective lenders, ratings agencies, and the raising of project finance.
Contract 1
Suppliers
Supplier not yet selected
Contract value
- £2,500,000 excluding VAT
- £3,000,000 including VAT
Above the relevant threshold
Earliest date the contract will be signed
19 December 2025
Contract dates (estimated)
- 19 December 2025 to 30 December 2026
- 1 year, 12 days
Main procurement category
Services
CPV classifications
- 66122000 - Corporate finance and venture capital services
Other information
Conflicts assessment prepared/revised
Yes
Procedure
Procedure type
Direct award
Direct award justification
Extreme and unavoidable urgency
We are seeking to rely on paragraph 13 of Schedule 5 of the Procurement Act 2023, as we consider that the ground of urgency applies. These projects are still not confirmed to be viable or proceeding, but if they do proceed now we will not be able to finance the projects that will be required. If it is not in place we will not be able to progress the construction part of the projects and we consider that this would mean we do not have the ability to respond to access requests to the High Speed 1 line and meet our requirements to provide capacity as Infrastructure Manager and owner of the concession. We consider it is strictly necessary to proceed with this immediately in order to ensure that we are not in breach of our obligations under either the Railways (Access, Management and Licensing of Railway Undertakings) Regulations 2016 or our Concession Agreement with the Secretary of State.
Contracting authority
HS1 LIMITED (trading as London St. Pancras Highspeed)
- Companies House: 03539665
- Public Procurement Organisation Number: PHRY-2121-WLBT
5th Floor, Kings Place
London
N1 9AG
United Kingdom
Region: UKI43 - Haringey and Islington
Organisation type: Private utility