Cabinet consider PFI bidder, music service, school exclusions and finances

Next week’s Cabinet meeting has a mixed agenda on the cards for members to consider (6pm on 21 August at County Hall).

Gavel:As well as signing off approval for the appointment of the chosen Highways PFI Service Provider, Vinci Concessions and Ringway, Cabinet members will also be asked to approve a public consultation on the future of the Isle of Wight Music Service.

In addition, they will receive an update from the new Secondary School providers on persistent absence and exclusions and perhaps most interestingly for some, will be the Resources Quarterly Performance and Finance Report, which makes reference to the Council Tax Freeze Grant.

All papers embedded below for your convenience.









Image: mrbill under CC BY 2.0

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Cynic
13, August 2012 4:56 pm

Interesting addition information kept quiet until now… “Meridiam have joined VINCI to become an equity partners” So already VINCI are planning to share the spoils of Island PFI with another French investment banker. Another player seems to have entered the game as well- Island Road Services Ltd. So far I cannot find any reference to them in the usual company search engines. Anybody know when it was… Read more »

Island Monkey
13, August 2012 5:47 pm

How many more times do I have to tell you? Do not question the council – it will do you no good.

Don Smith
Reply to  Island Monkey
13, August 2012 7:25 pm

Have your say at the ballot box.

adrian nicholas
13, August 2012 7:29 pm

I have a no. of concerns regarding the Paper B -PFI concerning questions and assumptions seemingly omitted both an this paper, appendices and the sub-appendice to appendice 2. A pertinant section re-aggregates/depots is significantly still considered ‘commercially sensitive’ presumably siting of Asphalt plant. A number of economic questions need raising re-the main paper sections particularly re-use of existing IWC earmarked £55m reserves in first 7 early years… Read more »

J
13, August 2012 11:38 pm

Lots of grounds for concern in Paper B. e.g.Risk (Para 53 e). Contractor only to fund first £1.25M of ‘latent defects’ (a small fraction of contract value), then it can seek additional money. I wonder how many defects will be found? Risk f covers changes in legislation over the next 25 years. The contractor’s limit of liability appears to be £20k per annum, (equivalent to about 1km… Read more »