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    Susquehanna Raises Penn Entertainment Inc. (PENN) Price Target. – Yahoo Finance

    Susquehanna Raises Price Target for Penn Entertainment Inc. (PENN)

    George Lopez is coming to Spokane – KXLY.com

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New £750m concrete-road repair frameworks planned

October 20, 2023
in Business
New £750m concrete-road repair frameworks planned
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National Highways will start the procurement process next month for two new concrete-road reconstruction frameworks worth a combined £750m.

A market-engagement event will be held on 8 November, with the contract notices expected to be published in July 2024.

The contracts will continue ongoing work repairing concrete-surfaced roads that were mainly built in the 1960s and 1970s, according to two notices published yesterday (18 October) on the government’s tender portal.

Work under the Legacy Concrete Roads Reconstruction Framework, worth £476m, will include highway maintenance and road repair works as well as design consultancy.

The £274m Legacy Concrete Pavement Framework, divided into three lots, will include similar work.

National Highways said it was planning to put in place “a new procurement vehicle that will continue to deliver the Legacy Concrete Roads Reconstruction programme”.

The existing five-year, £400m concrete-roads programme, which aims to repair or replace roads typically built in the 1960s and 1970s, is set to conclude in 2025.

National Highways stated that, while concrete roads have proved “tougher and longer-lasting” than asphalt, decades of use meant they were nearing the end of their working lives. As a result, these roads “need vital upgrades to ensure they remain safe, dependable and durable”, the government-owned roads body added.

Under the current contract, Morgan Sindall Infrastructure and Sisk were appointed to a reconstruction framework worth £218m, with VolkerFitzpatrick, Colas, Dyer & Butler and Tarmac awarded a separate £67m lifecycle-extension framework.

According to National Highways, concrete roads make up around 400 miles (4 per cent) of England’s motorway and long-distance A-road networks.

These roads are mostly found along the eastern side of England, with some stretches in the West Midlands, Merseyside and Greater Manchester.

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Copyright for syndicated content belongs to the linked Source : ConstructionNews – https://www.constructionnews.co.uk/civils/new-750m-concrete-road-repair-frameworks-planned-19-10-2023/

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