Lower Thames Crossing- Strategic Sale Advisor
Department for TransportEstimated Value
Up to £20,000,000
Deadline
25 November 2025
Published
7 January 2026
Type
Not specified
Overview
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.
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Award Details
Lazard & Co., Limited
£20,000,000
Likely incumbents
Suppliers who won similar work from this buyer in the last 5 years.
- 1
TRL
5 contracts wonlatest 3 Sept 2026ends 10 Nov 2028£7m
total awarded
- 2
BSI Standards Limited
5 contracts wonlatest 6 Aug 2026ends 31 Mar 2029£2m
total awarded
- 3
Systra Limited
4 contracts wonlatest 28 Sept 2026ends 30 Apr 2028£3m
total awarded
- 4
Mott Macdonald
4 contracts wonlatest 14 Sept 2026ends 5 Jun 2026£891,154
total awarded
- 5
Niblock (Builders) Ltd
£1m
total awarded
TRL is the most likely incumbent based on recency and category match. To win, bidders typically need a clearly differentiated proposition or a price advantage.
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Buyer Profile
Department for TransportKey Dates
Published
7 January 2026
Submission deadline
25 November 2025
Notice type
award
Source
find a tender
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