Concessio Canonical ID
GB11P0000270
Registry Preview
Overview
Capital value
£322m
HMT 2025
Expiry
2035
9 years remaining
Unitary charge
£105.44m
FY 2023-24
Deep Scan
Investment ThesisLocked
Birmingham Highway Maintenance is an operational Private Finance Initiative toll road concession in the United Kingdom, with 9 years remaining to the 2035 contract end — grantor Birmingham, operated by Birmingham Highways Limited, a 2-holder equity registry on file (HMT 2025).
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Public Registry Fields
General Information
Display format
GB-11-P-000027-0
Country
United Kingdom (GB)
Sector
Toll Road (11)
Family
Transport
Structure
PFI/PF2 (P) · Private Finance Initiative
Grantor
Birmingham
Operator
Birmingham Highways Limited
Financial close
06 May 2010
Operations start
07 Jun 2010
Contract end
06 Jun 2035
Capital value
£322m (HMT 2025)
Unitary charge (2023-24)
£105.44m
Equity holders (2025)Pensions Infrastructure Platform — 50% · Equitix Holdings — 50%
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Contract Economics
Financial Terms & ClausesLocked
| Term | Value | Price base | Period | As of |
|---|---|---|---|---|
| Unitary charge (annual) | £105.44m | Nominal · outturn | FY 2023-24 | HMT 2025 · verified |
| Indexation basis | ||||
| Availability deductions | ||||
| Performance deductions | ||||
| Market testing / benchmarking | ||||
| Termination compensation | ||||
| Change in law | ||||
| Handback provisions |
Contract clause library2 clauses on file
Extension▪▪▪▪▪ extract + source cite
Force Majeure▪▪▪▪▪ extract + source cite
Locked rows show the standard UK PFI project agreement term set tracked by Concessio; extracted values render as they are verified against primary sources. Full clause text and citations are available in the app.
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Sector-Benchmarked
Operating KPIsLocked
| Metric | Latest | Period | Sector percentile | Coverage |
|---|---|---|---|---|
| Concession period (years) | 25 | — | 20th |
registry |
| Capital value | £322m | 2025 | 85th |
HMT annual · public |
| Availability (%) | ||||
| Deductions (% of UC) | ||||
| Lifecycle spend vs plan (%) |
Percentile bars show this concession's position against Toll Road benchmark cohorts in the registry (largest cohort n=2,704). Interquartile band shaded. Locked rows show the standard KPI set for this asset class — series and percentile placement unlock in the app.
Equity History
Ownership & TransactionsLocked
| Date | Event | Stake | Consideration | Implied EV | Counterparty |
|---|
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Counterparties
Parties & ContactsPartial
Grantor
Birmingham
Department for Transport (DfT) · United Kingdom
Operator / SPV
Birmingham Highways Limited
Company No. 07064140
In the full profile
Management service co.
Hard FM provider
Senior lenders
Financial adviser
Legal adviser
Diligence Signals
Risk & CounterpartyLocked
Diligence signals
Grantor election exposure
Disputes & precedent
The full risk register covers counterparty credit, political cycle, regulatory determinations and dispute history for concessions in this class.
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Public Record
FAQs
Who is the grantor of this concession?
The grantor on file is Birmingham.
Who operates Birmingham Highway Maintenance?
The operator on record is Birmingham Highways Limited.
When does the concession expire?
The contract end on file is 06 Jun 2035 — 9 years remaining.
What is the unitary charge?
The unitary charge for FY 2023-24 is £105.44m per the HM Treasury 2025 return. The full indexed schedule is available in the platform.
What is the capital value?
£322m per the HM Treasury 2025 return.
Who holds the equity?
Per the HMT 2025 return: Pensions Infrastructure Platform (50%), Equitix Holdings (50%). Transaction history is available in the platform.
Transparency
Data & Sources
How this entry is verified
Reconciled against HM Treasury PFI/PF2 2025 summary data. View the gov.uk publication →
How Concessio sources data
Records are extracted from primary public sources — regulatory filings, government disclosures and official registries — and cross-checked before entering the platform. Every published datum carries its source citation in the app.