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Over the line?

01 January 2002

Amey Ventures has one of the most diverse project portfolios in the PFI market. But will the London Underground PPP be a deal too far? Louise Bowman talks investment strategy with managing director Dougie Sutherland.

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Construction group Amey has been intimately involved in the UK's PFI initiative from the start through its project finance arm, Amey Ventures. The company has been a regular presence in bidding groups for projects large and small since the PFI programme was launched under the last Conservative government and has witnessed considerable change in the way in which deals are structured and bid for. It is now involved in what is arguably the most visible and controversial PPP deal since the scheme began ? the part-privatisation of London Underground ? and is part of the sea change in the way in which sponsors approach such projects.

Amey Ventures managing director Dougie Sutherland, who joined the company in September 2000, is a PFI veteran who has brought a wealth of experience to bear on his new role. He joined the company from Partnerships UK, where he was responsible for the development and execution of transactions in...


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