HOME PROJECTS SERVICES ABOUT US CONTACT ISLE OF WIGHT HIGHWAY NETWORK MAINTENANCE The project is a £293m Public Finance Initiative which will upgrade and maintain the highway network on the Isle of Wight over a period of 25 years. Since 2013, the project has succeeded in providing a combination of rebuilding and resurfacing 300km of highway – which has ranged from the busiest main road to quieter rural roads. The accelerated pace at which the upgrade is taking place aims to deliver a modern and efficient road network island-wide within a seven-year period. Island Roads will then maintain this to a high standard for the following 18 years. This is the largest engineering project ever undertaken on the Isle of Wight and as well as making major highway improvements, it is boosting the local economy by creating jobs and increasing trade for local businesses. Fulcrum provides a range of financial management services to the Island Roads project. KEY FACTS 800km of highway network upgraded and maintained Circa 200 local people employed to deliver the project Around 1,200km of carriageways and footways resurfacing representing 88% of the network 12,000 street lighting to be replaced with energy efficiency LED £145m investment works over a 7 year period (April 2013 – March 2020) CASE STUDY TIMELINE MAR 2010 Public Procurement launching APR 2012 Project Agreement signed SEP 2012 Financial close APR 2013 Services start MAR 2038 End of operations and handover SUPPORTING THE LOCAL COMMUNITY >> ESG Island Roads has helped to establish the Isle of Wight Foundation, a charity committed to supporting projects which tackle social exclusion. The charity supports people in playing an active part in the local community and helping them to access employment and housing. Since its incorporation, the foundation has donated £0.3m to charitable projects on the island. Further to this, Island Roads gives staff two days a year paid leave to undertake work with local charities and good causes. Electricity consumption has been reduced by 60% by replacing the Isle of Wight’s sodium streetlamps with LED lanterns. Investment has remained on the island as local subcontractors and suppliers are commissioned to deliver the project which provides a boost to the local economy. 2018 © Fulcrum Infrastructure Ltd. | All Rights Reserved | Privacy Policy | Built by Rise Design