WLR is pleased to announced that it has retained Turner & Townsend as its advisors for a formal competition to select an investment partner.
A two stage selection process will be followed with the first stage to shortlist interested parties in mid September, with invitations already sent out, and a final selection being made in October 2014. Completion of due diligence and the formal agreement with the selected partner or consortium is expected to complete in the New Year.
Turner & Townsend, which will handle all aspects of the selection process. The process will ensure fairness to all parties and that fair market value is obtained for any Network Rail and public property that is required. As the project progresses Turner & Townsend will provide independent advice on costs and programme management, essential to demonstrate to the authorities that assets are being correctly deployed.
George Bathurst, Managing Director of WLR, said, ”Turner & Townsend has an excellent reputation and retaining them on this project will greatly improve its chances of success.”
Mark Imms, Director and Head of Development Management at Turner & Townsend, said, “We are delighted to be working with the Windsor Link Railway on this exciting project and the selection of a partner or consortium with the necessary skills, balance sheet and commitment to the project objectives will be a significant step towards delivering the proposals.”
The local council will be consulted on the selection of the successful bidder and community groups such as the neighbourhood plans and the Windsor & Eton Society.