Tender notice
Arcelormittal Orbit (AMO) Lease- operate and maintain
Notice details
- Published
- Category
- services
- Buyer region
- London
- Source
- View official notice
Public buyer
Public buyer
BIP SOLUTIONS LIMITEDTender value£22,500,000
- Planned startAs published in the notice
- Planned endAs published in the notice
Work description
The Contracting Authority London Legacy Development Corporation (LLDC) wishes to secure a new operator to undertake a 10 year operation and maintenance lease (with an option to extend for a additional 5 years for a maximum duration of 15 years) for the ArcelorMittal Orbit (AMO) located in Queen Elizabeth Olympic Park in Stratford, East London.
The estimated total value based on how the AMO operated and is maintained today across the maximum lease duration of 15 years is £22,500,000. Dependent on proposed future use of the AMO (which is subject to regulatory approvals) the estimated total value across the maximum lease duration of 15 years is £30,000,000.