Pinsent Masons advises on Major Highways PFI close

30 Aug 2012 | 03:13 pm | 1 min. read

International law firm Pinsent Masons has advised Vinci Ringway on the financial close of the c.£120m Major Highways PFI.

At a time when there is significant debate within the UK project finance community about the future shape of infrastructure investments, today (30 August) marks the financial close of another major Highways Maintenance PFI project.

The project, which is being procured by the London Borough of Hounslow, sees a special purpose vehicle of Vinci Concessions and Barclays Infrastructure Fund taking responsibility for a twenty-five year concession to maintain and enhance the highways, streetlighting and structures within the Borough. Operations in the Borough will be undertaken by a special purpose vehicle established by Eurovia subsidiary, Ringway.  

Funding for the project has been provided by BTMU, DZ and KfW banks.

Vinci Concessions PFI Director Phil Jackson said: "We recognise that this is a particularly important project for the Borough and are looking forward to working alongside the Council over the coming months and years." 

Jonathan Hart a Partner in the Projects practice at Pinsent Masons, says:

"Closing this Project with the Vinci-BIF and Ringway teams is an important benchmark for the infrastructure market, having been achieved at a time of significant uncertainty in the PFI market pending the outcome of a government review into funding models. While this project has been relatively unaffected due to the pragmatism of all involved, it is essential that more certainty around PFI is created sooner rather than later."

Pinsent Masons is also advising Vinci and Ringway in relation to the Isle of Wight Highways PFI, which is expected to be reaching financial close shortly.

Latest press releases

Show me all press releases

Pinsent Masons appoints fourth partner in Amsterdam with life sciences patent specialist

Multinational law firm Pinsent Masons has recruited partner András Kupecz to its European life sciences team, further bolstering its Netherlands-based technology, science and industry capabilities.

Pinsent Masons advises Photon Energy N.V. and Bankhaus Scheich Wertpapierspezialist AG on EUR 55m GREEN bonds

Multinational law firm Pinsent Masons has advised Photon Energy N.V. and Bankhaus Scheich Wertpapierspezialist AG on the issuance of EUR 55m 6.50% GREEN bonds due 2027.

Pinsent Masons wins International Law Firm of the Year and ADR Team of the Year at the Qatar Business Law Forum Awards 2021

Multinational law firm Pinsent Masons has been named International Law Firm of the Year and ADR Team of the Year at the Qatar Business Law Forum Awards 2021.

People who viewed this press release also viewed

Show me all press releases

Pinsent Masons appoints fourth partner in Amsterdam with life sciences patent specialist

Multinational law firm Pinsent Masons has recruited partner András Kupecz to its European life sciences team, further bolstering its Netherlands-based technology, science and industry capabilities.

Pinsent Masons advises Photon Energy N.V. and Bankhaus Scheich Wertpapierspezialist AG on EUR 55m GREEN bonds

Multinational law firm Pinsent Masons has advised Photon Energy N.V. and Bankhaus Scheich Wertpapierspezialist AG on the issuance of EUR 55m 6.50% GREEN bonds due 2027.

Pinsent Masons wins International Law Firm of the Year and ADR Team of the Year at the Qatar Business Law Forum Awards 2021

Multinational law firm Pinsent Masons has been named International Law Firm of the Year and ADR Team of the Year at the Qatar Business Law Forum Awards 2021.

For all media enquiries, including arranging an interview with one of our spokespeople, please contact the press office on

+44 (0)20 7418 8199 or 

Location contacts