HICL investment wins Best Operational Project Award 2017
InfraRed Capital Partners Limited (“InfraRed”), the Investment Adviser to HICL Infrastructure Company Limited ("HICL" or the "Company"), is pleased to announce that Miles Platting Social Housing, PFI project from HICL’s portfolio, has been named a Gold winner in Best Operational Project 2017. The award was presented by Partnerships Awards 2017, the largest event recognising and rewarding the best practices in PPP sector.
The Miles Platting Social Housing is a 30 year concession to redesign and refurbish approximately 1,500 occupied properties, as well as to build 20 new care homes and 11 new family homes in Miles Platting, Manchester. The initiative has regenerated an area of Manchester that has a long and proud history, having provided a large portion of the workforce that helped drive the Industrial Revolution in the region.
The Project has been recognised for a series of achievements including the following:
- Physical regeneration of the area through the design, refurbishment and construction improvements to the housing and recreational areas;
- Effective contract management and completion ahead of schedule;
- Excellent communications with stakeholders and strong partnership relationships;
- Non-contractual initiatives and funding for local community projects aimed at enriching resident’s lives.
IPeter Beardmore, MCC’s Director of Housing commented: “Miles Platting is about more than providing affordable and modern housing. It is about revitalising a community with a renewed sense of pride and belonging. The strong relationships between the PFI parties have been instrumental in realising this transformation and as we near the 10-year anniversary, the parties remain committed to this work. Throughout, the parties have sought to “go the extra mile” and the ongoing initiatives and engagement with residents will continue to have a positive impact on the community.”