Amey plots route to exit controversial £2.7bn roads deal

Amey is looking to end its £2.7bn highways maintenance contract with Birmingham City Council despite it having 17 years left to run, TheBusinessDesk.com can reveal. The infrastructure support services group is currently paying penalties averaging £4m per month and its Spanish parent Ferrovial has had to put a £208m provision into its accounts to cover additional costs. The accounting change is a result of a Court of Appeal judgement earlier this year, which found in favour of the city council, and the council's decision t... For the full story register now for free or login below...
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