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NH
TenderFTS · 06c4fc

LTC Statutory Auditor

National Highways
Status
complete
Estimated
—
Published
07 Jul 2026

Key facts

Notice ID
ocds-h6vhtk-06c4fc
Awarded to
Menzies LLP
Source
Find a Tender

Timeline

  1. Published
    07 Jul 2026

Description

In the Chancellor’s November 2025 Autumn Budget, the Regulated Asset Base (RAB) model was announced as the Government’s preferred financing method for the Lower Thames Crossing (LTC) project which will involve the creation of a regulated road company (Reg Co.) that will be sold to private investors prior to a finance raise (debt) for the main construction works. Reg Co. will receive revenues from both the existing Dartford Crossing and new LTC Crossing which it will use to service its financing and repay lenders and investors. National Highways and DfT have appointed advisors to support and execute the sale process. In preparation for the sale and the preceding Vendor Due Diligence (VDD) National Highways will prepare Carve Out accounts for the financial years 2024 2025, 2025-2026 and 2026-2027 for Reg Co. and these will need to be audited

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Page 38 of 1419
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