Hampshire County Council has awarded Skanska a highways maintenance contract that could be worth £1.5bn over 12 years.
The contract takes effect from 1 August for an initial period of seven years, with an option to extend for a further five years, based on performance.
Cllr Rob Humby and Skanska's Simon White
A council spokeswoman told Transport Network that the value of the contract over the full 12 years would be £1.5bn.
Cllr Rob Humby, executive member for environment and transport, said: ‘The County Council is committed to providing the best possible highways service to residents and businesses, and has an excellent track record in taking an innovative, long term and effective approach to looking after Hampshire’s roads.
‘This new contract has been years in the planning. We’ve worked with councillors across all political parties, talked to other authorities, researched the market, and engaged with all potential suppliers to fully understand what they can offer Hampshire.
‘I’m confident that our new contract is competitive, offers good value for money for Hampshire’s council taxpayers and can deliver the quality of work Hampshire’s residents expect and deserve.’
Simon White, operations director for Skanska, said: ‘We are delighted to have been awarded this contract. We look forward to working with Hampshire County Council to help it improve the highways network by providing a high-quality highways maintenance service.
‘We will bring innovative and cost-effective solutions to help maintain and improve roads across the county.’